CISAC's global music publishing revenue grew slower in 2018 than expected
He cited Mexico, where its nearly 49% of publishing collections; and Sweden where its almost 43% of collections, while also pointing out that countries like China and India had huge jumps in digital royalties.echoed that sentiment, in a statement in the report he said, “these digital champions are a snapshot of future potential.
Finishing up, private copying royalties fell 24.6% to 258 million euros from 342 million euros , and now accounts for 3% of revenue versus 4.1% in the year earlier period; while all other, i.e. synch, rental, sheet music, garnered 93 million euros in collections, versus the 114 million euros recorded for the prior year, which represents a drop of 18.4%. It comprised just 1% of collections for 2018.
Meanwhile, mechanicals rights, probably fueled by streaming that pays out both a performance and mechanical royalty, grew 5.7% to nearly 1.4 billion euros, from 2017 1.323 billion. It now accounts for 16.5% of collections, up from 15.9% in 2017. At a tinge less than half the size of Europe—25.6% of revenue to be exact—North America collection societies pulled in collections of 2.173 billion euros for 2018, a 2.4% increase from the prior year when collections tallied 2.123 billion euros .
Looking at the top 10 countries by collections, the U.S. societies collected 1.93 billion euros , a 2.5% increase over the 1.88 billion euros $2.12 billion) collected in 2017, while France was the next largest with collections of slightly over 1 billion euros , versus 886 million euros . But that 13% increase represented the largest jump among the 10 countries that collected the most publishing royalties.
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