ABBA’s Björn Ulvaeus did not pull any punches in his introduction to the latest annual report by collecting societies body CISAC.
CISAC and SCAPR publish their annual collections figures
Collecting societies body CISAC has published its annual Global Collections Report this morning, revealing the latest figures and trends from its member bodies.
4,000 ‘Creators for Ukraine’ call for Russian invasion to end
In March, collecting societies body CISAC launched a ‘Creators for Ukraine’ support fund for victims of the war.
Believe and CISAC explain how they’re dealing with Russia
A number of global music companies have been suspending their businesses and/or services in Russia in the wake of the invasion of Ukraine.
Ukraine latest: Spotify suspension and CISAC solidarity fund
As the invasion of Ukraine by Russian forces continues, music companies are reassessing their approach to business in the latter country.
CISAC reports global music collections fell by 10.7% in 2020
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’.
Spotify may be a ‘€1bn a year business’ for publishing now
One former Spotify executive has suggested that the streaming service’s value is under-appreciated in publishing circles.
Spanish collecting society SGAE rejoins Cisac after reforms
One of Spain’s collecting societies, SGAE, is coming in from the cold and being readmitted to global PROs organisation Cisac, after reforms that the latter say “have transformed the society and […]
Your Music Your Future teaches creators about copyright buyouts
Copyright buyouts, where composers and other musicians creating music for film and TV give up their future royalty rights and accept a one-off fee instead, are currently a very sensitive […]
Unison admitted to Cisac as rights management entity
Spanish company Unison has been admitted to collecting societies body Cisac as a ‘rights management entity’ (RME) – only the second company to do this.
The news means Unison will get access to the tools that Cisac’s member societies use, but the news is also significant for its symbolism: a badge of approval from the body representing the societies that, to some extent, Unison is disrupting.
Well, it certainly is in Spain, where the official society SGAE has had some well-documented troubles in recent years, including a temporary expulsion from Cisac in 2019.
Unison currently manages rights in more than 800k works for its members, and has been banging the drum for blockchain technology via a partnership with Verifi Media.
Covid-19 to ‘wipe out’ five years of songwriter royalties growth
Good morning! It’s us again, bringing you a whopping serving of bad news. Well, there are positive things in global collecting societies body Cisac’s latest annual report too, for last year, but the organisation makes it abundantly clear that the Covid-19 pandemic’s impact on musicians is far from just a 2020 thing.
Start with the good: global music collections grew by 8.4% to €8.96bn ($10.52bn) in 2019. Within that, there were healthy rises for collections from digital sources (up 27.2% to €2.05bn) but also growth from the traditional heavyweights of TV and radio (up 4.5% to €3.32bn) and live and background (up 5.6% to €2.62bn).
Global music collections have grown by 24.7% over the past five years, but Cisac warned that this trend is “certain to be sharply reversed in 2020” due to the Covid-19 pandemic. In its announcement of the report, the organisation doubled down on this: “The losses of 2020 – for music only and for all repertoires combined – are set to wipe out five years of growth since 2015.”
Cisac launches its long-awaited upgrade of ISWC system
This morning is the big unveiling for a new version of the ‘ISWC’ system of codes identifying music works, which global collecting societies body Cisac says will “improve the accuracy, speed and […]