Paris-based royalty collection association Sacem has announced another record-breaking year for 2023.
The organization attributes the growth to its ongoing strategic transformation efforts focused on cost control, maximizing member value and supporting creators.
sassem collection 1.487 billion euros ($1.61 billion royalties calculated at average exchange rates for 2023), 5% Increase starting in 2022. ASCAPAmerican Society of Composers, Authors and Publishers leaps 14.1% arrive US$1.737 billionwhile the German yolk Climb 8.4% Year-on-year 1.277 billion euros ($1.385 billion).
total 458,000 Writers, composers and publishers around the world receive comprehensive 1.233 billion euros (US$1.335 billion) from the work of Sacem. The numbers have gone up 17% Started a year ago. ASCAP, on the other hand, paid $1.592 billion Songwriter and Publisher, Up 14.7% From 2022, GEMA pays 1.082 billion euros (US$1.17 billion) will be open to global members and rights holders in 2023.
accounting for its total €1.487 The collection will reach US$1 billion in 2023. digital collectionincluding deals with international publishers, surges 13% arrive €557 million ($604.6 million), driven by renewal agreements with Apple Music, Spotify and Diesel 2023. artist and brazilian society University of British Columbia.
In contrast, TV/radio/telecom revenue declined 4% Year-on-year €318 million ($344.2 million).
Meanwhile, a rebound in live music helped Sacem launch 18.5% Total royalties rise to €388 million ($419.9 million) in 2023.
“The future we’re looking to now is that significant changes will continue in 2023, whether it’s the development of artificial intelligence or the emergence of new players.”
Cecil rap webber, sassem
“In 2023, SACEM accelerated collection and distribution activities to benefit members, general royalties (concert or background music), and utilization of streaming works on Apple Music and Spotify – with distribution three months after the utilization quarter,” Sacem said.
“This will soon be the case for YouTube music content, starting in July 2024, making Sacem the most diligent society in Europe when it comes to paying major online royalties. More than 458,000 writers, composers and publishers around the world are affected by this Sacem was compensated for using their work as quickly as possible,” the association added.
Sacem’s upbeat performance in 2023 can be attributed to improvements in its operating efficiency, with a net operating expense to collections ratio of 10.76%the lowest level in history, lower than 11.65% 2022.
“The company is also actively working on using artificial intelligence internally to improve overall operations,” Sacem said.
Sacem also revealed in its 2023 results that more than 13,870 Global new members, 28% Among those under 25 who joined a collection association to get it passed 224,470– Member mark.
In addition, more than 3,657 Total projects supported through cultural action in 2023 22.5 million euros, and 25% From private copying tax.
Sacem added that in 2023, it has already taken care of Chapter 458 mega Streaming and downloading.
Also during the year, Sacem said it developed a range of services, including the creation of licensing rights portals and the development music starts Service scope covers 130,000 Protect works and continue to simplify their operating rules for all actors in the value chain.
Sacem also pointed out that the board of directors has unanimously decided to extend the term of the CEO, Cecil Gabby Webber. She has been at the helm of the company since October 2021.
“2023 is the year for the implementation of our major strategic priorities. We continue to transform Sassem 3.0 and strive to improve efficiency, ensure the sustainability of our managed accounts, and optimize our collections and amounts allocated to members,” Rap-Veber said.
“The future we’re looking to now is that significant changes will continue in 2023, whether it’s the development of artificial intelligence or the emergence of new players.
“In this challenging environment, we will continue to evolve to strengthen our innovation capabilities and remain the undisputed leader in the collective management of copyright and the protection of creative works for the benefit of all.”
“Today, we believe in the ability of our society to respond more effectively to the challenges of the future, and we are excited to continue this adventure with Cécile Rap-Veber, in whom we have full confidence as she successfully leads management to take action regarding these developments.
Christine Liddensasem
Christine LiddenThe Chairman of the Sacem Board of Directors added: “In 2023, Sacem remains truer than ever to its mission of creating a home for all creators and all aesthetics. It mobilizes to seek greater value for its members and the principals who trust it, and Organize to support writers, composers and music publishers, especially by looking after the most vulnerable and defending the demanding concept of copyright to which we are all attached.
“Today, we believe in the ability of our society to respond more effectively to the challenges of the future, and we are excited to continue this adventure with Cécile Rap-Veber, in whom we have full confidence as she successfully leads management to take action regarding these developments.
global music business
