Global collections from creators increase by 7.6% and reach €13.1 billion in 2023, according to the latest CISAC report.
The global increase was driven by continued growth in digital revenue and the strong recovery of live entertainment and public performance, which became the latest sector to fully normalize after the pandemic.
EKKI grew by 7.9%, a few tenths above the CISAC average. The numbers that the entity of entities has made public in its latest report are the following:
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.
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.