The streaming service and PRO, both based in France, have struck a deal to bring a model championed by UMG to the publishing sector.
The expansion of the organizations' relationship will let them share technology, partner in more foreign markets and launch an AI task force.
SACEM was up 34% in 2022. PRS doubled its income in the last decade. There’s never been a better time to be in the royalty collection game.
Distributions at the French collective management organization were up 17% while its cost ratio was 10.76%, the lowest in CMO's history.
More than a third of European songwriters surveyed have used AI – but almost two-thirds are concerned about it.
An "in-depth" study will analyze streaming data to evaluate the viability of different economic models for remunerating songwriters, composers and rights holders.
The collective management organization outpaced its peers in 2022 -- and its CEO says she's just getting started.
Seven of the world's largest collective management organizations improved their 2022 collections by an average of 19.4%.
The organization collected $1.54 billion in 2022, 34% more than in 2021, and distributed $1.15 billion — a 19% increase over the previous year.
