The creative industry is taking a huge hit with the sanitary crisis. Authors’ royalties are decreasing at a rapid pace, with no end in sight. Whilst collections for 2019 grew by 7.4% to hit €10 billion for the first time, the losses of 2020 – for music only and for all repertoires combined – are set to wipe out five years of growth since 2015, says CISAC, the organisation representing collecting societies around the world. Gadi Oron, its CEO, tells us more about the necessary growth of digital revenues, and the unquiet, and uncertainty, of the whole creative sector due to the cancellation of most live shows. CISAC usually reports on last years’ copyright collections, and stays well away of projections for the current year. This year, you proceeded differently : what chalenges does that bring ? For us, the Global collections report is the most important publication every…
