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CISAC Music Royalty Collections Grow to $8.4 Billion, Even With YouTube & Others ‘Driving Down the Value of Our Works’

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Billboard reports: “CISAC, the International Confederation of Societies of Authors and Composers, which collects data from 239 collection management organizations in 123 countries, reports that music publishing revenue grew to 8.006 billion euros ($8.435 billion) from 7.497 million euros ($7.9 billion), an increase of 6.8 percent. Overall revenue reported by CISAC totaled 9.156 billion euros ($9.65 billion), up 5.95 percent from 8.642 billion euros ($9.1 billion).”

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