Sacem’s revenues jumped 34% to $1.49bn in 2022. How did that compare to other leading PROs?

The return of live music venues and the reopening of the economy after the Covid-19 pandemic has proven to be a huge boon for organizations that collect music royalties.

Nowhere is that more evident than in the 2022 financial report from Paris-headquartered Sacem, which showed a record-breaking year for one of the world’s largest collective management organizations (CMOs).

The world’s oldest royalty-collecting cooperative says it has brought EUR €1.413 billion (1.489 billion USD) in royalties in 2022, one 34% annually increase.

payem paid €1.056 billion (1.112 billion USD) for authors, composers and publishers worldwide during the year, marking a 19% annually dance.

PRO says 390,000 won rights holders worldwide received payments from its collections in 2022.

by Sacem EUR €1.413 billion in collections in 2022 are divided into the following revenue areas:

• €492.6 million IN online revenue (+38%)
• €353.1 million for TV/Radio/vendor (+19%)
• €327.0 million general royalties (+93%)

This once again makes Sacem one of the top collectors of royalties in the world, with annual sales on a similar scale to that of the United States. body mass index And ASCAPVirtue gemstone and Great Britain PRS.

Revenue at ASCAPAmerican Association of Composers, Authors, and Publishers, head 1.522 billion USD in 2022, increase 14% through 2021.

Its main partner in the US, BMI, revenue recognition belong to 1.573 billion USD for the year ended 30 June 2022, one 16% annually increase.

Meanwhile, the UK’s PRS lift up 964 million pounds (1.19 billion USD) in 2022, one 22.9% annually jump to the fixed currency price.

German GEMA collect €1.178 billion (1.241 billion USD) by 2022, increasing 13% annually.

All of the royalty collectors in the chart above have also seen a hugely successful year in 2022 – which Sacem and others attribute to the reopening of businesses and cultural events. after the widespread blockade due to the Covid-19 pandemic.

Sacem notes its royalty collections are abandoned around €350 million as a result of the pandemic.

Sacem attributes some of their success in the last year to an ever-growing network of deals with music distributors and copyright holders.

In 2022, Sacem expanded those deals with – among other things – a new partnership with the Hipgnosis Songs Fundmusic copyright investment company run by veteran artist manager Merck Mercuriadis.

Sacem will manage and process digital royalties generated by misdiagnosis‘ catalog in different markets, mainly the UK and the European Union.

Cooperatives also Launch Musicstart, a blockchain-based service that helps artists protect their rights. Musicstart allows artists to quickly generate proof of title for a musical work, which can be used to prove priority in a dispute over who originally created a musical work.

still cooperation with the French music market NFT Pianityin an agreement that establishes a payment model for music creators and publishers when selling titles in NFT form.

PRO said it spent 29.2 million euros (30.77 million USD) by 2022 through cultural action and support programs to support 3.375 music project. This amount is raised through the collection of private copying fees (i.e., additional fees on blank media are paid to the rights holder to cover copying losses).

“Thanks to the resumption of concerts, the explosion of digital, new agreements signed with many users of Sacem repertoire and the strategic shift made in the transformation plan of the Sacem. Sacem had a record year in terms of both collections and royalties distributed. These results once again demonstrate our ability to adapt and strengthen our expertise in a highly competitive and rapidly changing field,” Sacem CEO Cecile Rap-Veber said in a statement. declare.

“These results once again demonstrate our adaptability and strengthen our expertise in a highly competitive and rapidly changing field.”

Cecile Rap-Veber, Sacem

Rap-Veber added: “We still face many challenges for the future of creativity: securing funding for public broadcasting and the Country Music Center, protecting taxes. private copying, establishing a fairer music streaming ecosystem for creators and publishers, the fight against ‘buy out’ and regulation of artificial intelligence.

“Sacem will take the lead, protecting the rights and revenue of our members and partners as we face all of these challenges.”

Serge Perathoner, Chairman of the Board of Directors of Sacem, said: “The rapid and continued growth of the music ecosystem, combined with the possibilities brought by new technology, has had a significant impact. to how we create, distribute, and consume music. They have opened up new territory, while creating space for a new era of development for Sacem.

“Never before has Sacem’s expenses been so tightly controlled. The power of our tools and expertise in author rights management have allowed us to optimize the value our works create by redistributing more revenue to creators and publishers. publish.”

All EUR-USD currency conversions for the calendar year 2022 in this story were done using The average annual exchange rate published by the IRSGlobal Music Business