GLOBAL COLLECTIONS REPORT 2024
The Global Collections Report is CISAC’s annual statistical overview of authors’ societies global collections on behalf of creators. The report provides comprehensive data and analysis of collections across all repertoires, including music, audiovisual, visual arts, literature and drama. It also analyses the trends and the key drivers behind them. The Report is compiled based on the exclusive data reported to CISAC by its 227 member societies in 116 countries.
Digital and Live drive +7.6% increase in global royalty collections
__________________
Global collections in 2023 increased by +7.6% to a new record high of EUR13.09bn. This was led by continued steady growth in digital income, which moved further ahead of broadcast as creators’ largest royalty source on the back of streaming subscription revenue increases. There was also a strong recovery in live and public performance activity.
TOTAL COLLECTIONS
13ドル.1bn
+7.6%
DIGITAL
4ドル.62bn
+9.6%
BROADCAST
3ドル.89bn
-4.0%
LIVE & BACKGROUND
3ドル.28bn
+22.0%
Today, we are on the cusp of an enormous change. AI is shaking up our landscape, and, even as it does so, its impact is still unknown. Generative AI tools are producing contents that are copied from, and risk replacing, the works of human creators. I am a user and a big fan of AI tools. I have always believed we can only ever embrace new technology, not try and stop it – but there is a rock-solid caveat: this must never be at the cost of compromising copyright and human rights. The recent studies estimating what this could cost to creators in lost income, from France, Germany, Australia and New Zealand, are an alarm call to us all. I believe that a badly-regulated AI environment could wipe out many artists’ careers. That could be the next Paul McCartney or Taylor Swift.
This year’s figures, for royalties collections by CISAC members in 2023, paint a positive picture of a healthy, stable and promising sector. Overall, collections on behalf of creators reached a new all-time high of EUR13.1bn, an impressive 7.6% increase. This, in itself, is a major achievement and shows the strength of the collective management system.
This 2024 CISAC Global Collections Report shows a successful performance by the CISAC global network, and we should take a moment to celebrate our achievements. However, our market environment is full of uncertainties, and while we take pride in present growth, our priority now needs to be long-term sustainable growth to ensure the livelihoods of the creators we represent.
Highlights at a Glance
_____________________
Global royalty collection for creators rose by +7.6% to a new record high of EUR13.09bn in 2023. The increase was driven by continued steady growth in digital income thanks to streaming subscription, and a strong recovery in live and public performance activity after three years of disruption by the pandemic.
Live and Public Performance sees strongest growth, up +22%. This sector has now reversed the disastrous losses from the COVID years and stands +12.6% above 2019 at an all-time high of EUR3.28bn. Latin America and Asia-Pacific, regions that were slower to return, saw the fastest recovery in activity.
After a decade of strong annual double-digit growth, digital collections growth slowed to +9.6% as the streaming subscription market starts to mature in larger territories. Digital growth was helped by continued rises in streaming consumption, expanding platforms and price increases by subscription services.
Global collections (EUR billion) and annual growth 2019-2023
Live & background collections (EUR billion) and annual growth 2019-2023
Digital collections (EUR billion) and annual growth 2019-2023
TV and Radio: Gradual income decline. Broadcast collections fell by -4.0% in 2023. Societies report a continued gentle plateau in collections for traditional radio and TV income.
Digital pulls away from broadcast as creators' top income source. As consumption patterns change, royalties from traditional TV and radio declined -4% to EUR3.89bn in 2023. Creators’ royalties are gradually shifting to digital, which is now significantly the largest income stream with a 35% share.
TV and Radio collections (EUR billion) and annual growth 2019–2023 (EUR million)
Global mix of creators’ income streams in 2023
Digital: a lifeline for creators in more markets. In a rapidly growing number of smaller markets, digital is the only significant collections stream, accounting for more than two-thirds of all income.
Global music royalties grew by +7.6% to EUR11.75bn. Digital royalties rose +9.6% as steadily increasing uptake of subscription services worldwide combined with price increases across all platforms. There was also especially strong growth in the subscription video sector.
Leading smaller markets by digital share (2023) and growth 2019–2023 (EUR billion)
| Country/Territory | Market Share 2023 | Growth 2019–2023 |
|---|---|---|
| VIETNAM | 84.3% | +270.4% |
| INDONESIA | 83.3% | +111.6% |
| PHILIPPINES | 80.3% | +325.8% |
| INDIA | 74.2% | +493.6% |
| HONG KONG | 68.7% | +43.1% |
| THAILAND | 66.2% | +181.0% |
| MEXICO | 65.6% | +242.1% |
Music collections (EUR billion) and annual growth 2019–2023
Major shift in the balance of income streams
_____________________
The five-year trend of creators’ most important royalty sources highlights a major shift in the balance of income streams, notably the rapid growth of digital collections. (Graph in EUR millions)
Global Collections by Repertoire
_____________________
Repertoires see growth
All repertoires covered by CISAC member societies, except visual arts, saw growth in 2023. Visual arts suffered from a weaker art market. The drama sector led the growth rates for a second year running as theatre and drama performances continued to recover following the pandemic.
MUSIC
11ドル.7bn
+7.6%
AUDIOVISUAL
700ドルm
+8.3%
VISUAL ARTS
217ドルm
-1.4%
DRAMA
210ドルm
+24.9%
LITERATURE
215ドルm
+2.1%
Global Collections by Region
_____________________
Latin American region leads royalties growth
For the second year running, Latin America and the Caribbean was the region with the strongest collections growth. Royalties in this region were up +29.2% in 2023 due to a huge rebound (+57.9%) for live concerts and public performance, combined with new deals and increased subscription to digital platforms. Europe remains the region with the largest collections, having a 54.7% share of the global total. Asia-Pacific declined -0.8% partly because of exchange rate fluctuation in Japan without which (at a constant exchange rate) the region would have seen a +7.2% growth.
WEST EUROPE
6ドル.7bn
+7.9%
CANADA/USA
3ドル.2bn
+7.8%
ASIA-PACIFIC
1ドル.9bn
-0.8%
LATIN AMERICA
791ドルm
+29.2%
EAST EUROPE
497ドルm
+10.8%
AFRICA
81ドルm
+3.2%