Sharing some optimism on royalties · Audio Artist Academy

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Sharing some optimism on royalties

Recent industry reports show encouraging news for composers and songwriters in terms of royalty collections.

France’s performing rights organization SACEM reported it distributed €1.379 billion to authors, composers, and publishers for 2024 – a 12% increase over the previous year. This growth was driven largely by booming international collections (up 15% YoY), especially from digital music platforms and social media usage of music.

The trend isn’t isolated to France; in the U.S., ASCAP saw its revenues grow 5.7% in 2024, reaching a record $1.835 billion, while Germany’s GEMA reported a 4.7% rise to €1.133 billion.

These gains reflect the expanding global reach of music streaming, video games, and online content – more platforms and territories are licensing music, which translates into higher royalty payouts to those who create and publish the music.

Source:

https://www.musicbusinessworldwide.com/sacems-payouts-to-composers-and-publishers-rose-12-to-nearly-1-5bn-in-2024-on-strong-collections-outside-france/#:~:text=in%202023

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