CISAC Global Collections Report shows creators’ royalties down by € 1 billion in 2020

Worldwide royalty collections for creators of music, audiovisual, art, drama and literary works fell by 9.9% in 2020, with losses amounting to more than €1 billion as a result of the global pandemic.

Total collections fell to €9.32 billion as lockdown measures saw live and public performance revenue nearly halve across the world, according to the latest annual Global Collections Report published by CISAC (International Confederation of Societies of Authors and Composers). TV and radio broadcast, creators’ largest income source, fell 4.3% to €3.7 billion.

The decline was partly mitigated by a strong rise in digital royalties, up to 16.6% to €2.4 billion, reflecting the sharp increase in audio and video streaming consumption worldwide and strong licensing activity by many of CISAC’s member societies around the world.