Royalties collected by CISAC in 2013 remain stable at €7.8bn

RHIAN JONES

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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