Global royalties collections for music creators dropped 10.7% during 2020 due to the pandemic, declining by nearly €1 billion (approximately $1.16 billion) to a pre-2017 level of €8.12 billion (app…
Global royalties collections for music creators dropped 10.7% during 2020 due to the pandemic, declining by nearly €1 billion to a pre-2017 level of €8.12 billion , according to the 2020 Global Collections Report published Wednesday by The collections were a setback after years of consecutive growth — including an 8% boost in 2019 to €9.
Also, the losses reflect the scale of the lockdown restrictions in various countries, with Canada , the UK and Italy seeing the largest falls in live and public performance collections. A creator needs to be talented, entrepreneurial, resilient and hard-working. They need to embrace and drive change. … But there is something else which every creator, in every repertoire, must be guaranteed: a fair environment in which to work. And that is where there is an enormous problem, that needs to be fixed right now. If the pandemic leaves one single positive legacy for the creators CISAC represents, it must be to secure the place in our society that they deserve.
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