Tag Archives: youtube

CISAC Global Royalty Collections Top $10 billion

In November, the International Confederation of Societies of Authors and Composers (CISAC) has announced annual royalty collections of €9.2 billion ($10.1 billion).

This represents a 6% increase for the organization that represents 239 creators’ societies in 121 countries. There was a 52% increase in digital revenues. However, CISAC President Jean-Michel Jarre said that, even with this growth, collections are nowhere near the level where they should be. “Large industries that use creative content are driving down the value of our works. A simple illustration of this is the ‘transfer of value’ in the digital market where platforms such as YouTube are paying mere crumbs to authors,” he says.

New Business Model = Same Demons

Citing the unfair split of revenues and lack of artistic control, today’s musicians shun the ubiquitous control of yore by the “majors,” and desperately attempt to validate their music by declaring themselves an “indie.” High quality home recordings, self-produced and marketed, are made possible by the technological advances in recent years, along with the promise of untold fortune by distribution through the World Wide Web. “Going viral” no longer means a trip to a physician, but a trip to the bank. Or does it?

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