SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Collective Management Organisations

STIM at 100 celebrates a banner year with record collections and distributions

Published

3 months ago

on

Swedish rights society STIM collected SEK 2.7 billion (€230m) in royalty revenue in 2022, an increase of SEK 550 million over the previous year. or up 20.3%, and distributed SEK 2.2 (€190m) billion to songwriters, composers and publishers, also a record figure. In December alone, STIM distributed SEK 545m to its affiliates.

A large part of the revenue collected by STIM comes from online usage of the repertoire represented by STIM. Overall, Digital accounted for for 37.4% of total collections...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Related Topics:

Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Continue Reading

Collective Management Organisations

Canada’s rights society Re:Sound calls for an update to the Copyright Act

Published

9 hours ago

on

September 27, 2023

By

Re:Sound, the Canadian not-for-profit neighbouring rights licensing company, has called on lawmakers in Ottawa "to take urgent action to update the Copyright Act to meet the realities of the 21st century."

The call was made by Lou Ragagnin, President & CEO of Re:Sound, alongside its members, Canadian artists and industry leaders, ahead of International Music Day on October 1. "We believe that all Canadian music creators deserve a sustainable and thriving industry to make a living," said ...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Collective Management Organisations

UBC claims victory as Brazilian court finds CIDE tax applied on music royalties sent to rights holders abroad is not justified

Published

4 days ago

on

September 24, 2023

By

The Brazilian Superior Court of Justice has affirmed that the CIDE tax applied on music royalties sent abroad is not justified, putting an end to an almost two-decade long legal battle between rights society UBC and the country's Fiscal Authority.

"I would like to point out this remarkable result, a solid confirmation of our commitment and how seriously we take our mandate," said UBC CEO Marcelo Castello Branco in a message to affiliates. UBC said that societies represented by UBC will now b...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Collective Management Organisations

Brazil’s ECAD reports record collections in 2022, with revenue up 28.3% to R$1.393bn

Published

4 days ago

on

September 23, 2023

By

Brazil's rights collection society ECAD has collected a total of R$ 1.393 billion in 2022 (€261.81m), up 28.3% compared to the previous year. For the first time in three years, revenues exceed pre-Covid levels. ECAD's revenues reached R$1.12bn in 2019, followed by a drop to R$905m in 2020.

ECAD is the central office for the licensing of music rights in Brazil, collecting and distributing music rights on behalf of the seven Brazilian PROs — Abramus, Amar, Assim, Sbacem, Sicam, Socinpro and...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending