Royalties collected by CISAC in 2013 remain stable at €7.8bn
Total royalties collected on behalf of over three million creators worldwide by The International Confederation of Societies of Authors and Composers (CISAC) in the year 2013 remained stable at €7.8 billion.
The numbers were revealed in the organisation's 2015 Global Collections Report.
Excluding the impact of foreign exchange, royalty collections increased 4.6% when measured in constant Euros, but currency fluctuations meant that collections decreased by 0.8% when measured in current Euros.
Performing rights collections grew 2.4%, breaking the €6bn mark ...
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