Earlier this week we reported on collecting society body SCAPR’s latest figures, which showed that its members’ collections fell by 8.4% in 2020 due to Covid-19. Now fellow umbrella body CISAC has published its own report setting out the Covid impact on collections – including music.
CISAC’s members saw their music collections fall by 10.7% last year to €8.19bn ($11.27bn), which the organisation notes means they were back to ‘pre-2017 levels’. This included a 45.2% drop in collections from live music and public performances, and while growth in digital collections took some of the strain – up 16.2% to €2.4bn – the overall Covid impact is clear.
The report also sees CISAC president Björn Ulvaeus making his latest call for change on behalf of musicians. “Today, creators work in an inequitable eco-system. If we accept that the song – or the creative work of any repertoire – is the foundation of our creative industries, why do we then accept the near-invisibility of the creator in the commercial value chain?” he wrote in its foreword.
Ulvaeus called for “big changes […] to harmonise data reporting, make the identifier system work effectively and address inefficiencies that are losing creators hundreds of millions of dollars”, and a rebalancing of the royalties pie. “Mountainous profits are being made by producers and tech giants. There should be no blame for that, but a deep discussion is needed to make sure that those huge revenues are now fairly shared with creators…”
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…