Things are still going well for the ICE Core, the hub that licenses repertoire from collecting societies including PRS for Music, STIM, GEMA as well as various independent publishers. ICE has announced that the service set a new record for monthly distributions in November with more than €102m (around $107.5m).
ICE has now paid out more than €2.9bn to rightsholders since 2016, so there’s a very good chance it’ll hit the €3bn milestone by the end of 2022, or at least very early next year. It took two and a half years for ICE to distribute its first €1bn of royalties, but the next €2bn has come in little over three years.
The news came as ICE signed up another collecting society: AKM from Austria.
Music Ally’s next Learn Live webinar will help you understand what’s required for artists to thrive in new international markets!