{"id":2674,"date":"2023-11-21T14:25:10","date_gmt":"2023-11-21T13:25:10","guid":{"rendered":"https:\/\/www.unisonrights.es\/?p=2674"},"modified":"2023-11-21T14:25:10","modified_gmt":"2023-11-21T13:25:10","slug":"cisacs-new-2022-report-is-here-collections-increase-at-historic-high","status":"publish","type":"post","link":"https:\/\/www.unisonrights.es\/en\/cisacs-new-2022-report-is-here-collections-increase-at-historic-high\/","title":{"rendered":"CISAC’s new 2022 report is here: Collections increase at historic high."},"content":{"rendered":"

Global collections in 2022 rebounded again with the highest annual increase ever recorded: 26.7% to \u20ac12.1bn. Royalty collections in Europe register a record growth of 26.1% to \u20ac6.6 billion in 2022, accounting for more than half of the global total at 54.8%.<\/span><\/p>\n

Music collections reached a record growth in 2022. Royalties increased by 28.0% to reach a record EUR 10.8bin 2022. This is the largest increase ever on record. Collections ended the year 21.4% above 2019, indicating a general market “reboot” after three years of massive pandemic disruption. Latin America and the Caribbean was the region with the highest growth rate (64.9%).\u00a0<\/span><\/p>\n

 <\/p>\n

MUSIC STREAMING: A SNIPPET TO THE FUTURE<\/strong><\/p>\n

The slowdown in the growth of both video streaming and music subscriptions is expected to continue in 2023 and 2024. Global consumer spending on SVoD is estimated to grow by 12% in 2023 and 11% the following year. For music subscriptions, growth over the forecast period will fall to single digits for the first time. In the short term, growth is estimated at 15% in 2023 and 11% in 2024.<\/span><\/p>\n

DIGITAL IS NOW THE MAIN SOURCE OF MUSIC ROYALTIES<\/strong><\/p>\n

Music collections from the digital sector grew by 33.5% in 2022 to \u20ac4.1 billion. For the first time, digital music has become the leading source of revenue globally, accounting for 37.7% of total collections. This is due to the steady growth of users on music streaming platforms and some new and improved licensing agreements with services such as Spotify, Netflix and Twitch.\u00a0<\/span><\/p>\n

But several societies point out that the overall increase in digital collections is not translating into more revenue for many creators. Even at a record 37.7%, the digital share of the total market is far below the corresponding share (71%) of the recording industry. GEMA’s report on streaming rights in 2022, for example, confirmed that only 8% of subscription revenues typically go to music creators.<\/span><\/p>\n

CONCERTS DRIVE LIVE AND BACKGROUND RECOVERY<\/strong><\/p>\n

Revenues from live and background sources increased by 68.2% in 2022, but remain 7.7% below the pre-pandemic total. Massive demand drove an avalanche of major concerts and international tours. Live music has recovered more strongly than public performance. A sample of over 100 music societies shows that live music royalties increased by 185.7% in 2022, compared to a 34% increase for background music.<\/span><\/p>\n

The recovery of the sector has been more limited in smaller countries, which lack larger revenues from major festivals.<\/span><\/p>\n

PRIVATE COPYING<\/strong><\/p>\n

Private Copying remains an important source of music revenue for creators, with a total of \u20ac248 million, despite a decrease of 8.7% in 2022.\u00a0<\/span><\/p>\n

TV AND RADIO<\/strong><\/p>\n

Revenues from these rights remain strong. Broadcasting collections rose 11% in 2022 and are 4.5% above 2019.<\/span><\/p>\n

 <\/p>\n

Alba del Barrio, Licensing and International Assistant at Unison.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Global collections in 2022 rebounded again with the highest annual increase ever recorded: 26.7% to \u20ac12.1bn. Royalty collections in Europe register a record growth of 26.1% to \u20ac6.6 billion in 2022, accounting for more than half of the global total at 54.8%. Music collections reached a record growth in 2022. Royalties increased by 28.0% to…<\/p>\n","protected":false},"author":2,"featured_media":2669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[597,49,48],"class_list":["post-2674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-cisac-report","tag-copyright-en","tag-unison-en"],"acf":[],"yoast_head":"\nCISAC's new 2022 report is here: Collections increase at historic high. - Unison<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.unisonrights.es\/en\/cisacs-new-2022-report-is-here-collections-increase-at-historic-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CISAC's new 2022 report is here: Collections increase at historic high. - Unison\" \/>\n<meta property=\"og:description\" content=\"Global collections in 2022 rebounded again with the highest annual increase ever recorded: 26.7% to \u20ac12.1bn. 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