STIM, the Swedish collective administration group (CMO) turned 100 final fall — and its outcomes for 2023 are giving it another excuse to have fun. The group took in a record-high 3.095 billion Swedish Krona (SEK) ($291.9 million, primarily based on a 2023 common krona-dollar conversion fee), up 14.2% from the earlier 12 months, the CMO introduced Might 28. It additionally introduced that it could distribute 2.573 billion SEK ($242.6) — up nearly 20% from 2022.
Discover
Discover
See newest movies, charts and information
See newest movies, charts and information
The Swedish CMO has at all times been a lot smaller than big counterparts akin to SACEM (the French amassing society) or PRS for Music (UK), because of the nation’s comparatively smaller inhabitants and financial system. However Sweden has at all times punched above its weight in pop music, particularly on the subject of songwriting, and STIM is extra essential than its measurement would point out. Together with PRS and GEMA (Germany), STIM owns and controls the three way partnership ICE, the Berlin-based licensing and processing hub that has turn out to be an essential power in European copyright.
STIM’s greatest supply of licensing income was on-line, which accounted for 43% of its whole, counting each Swedish and direct worldwide licensing. The second greatest supply was international revenues, which accounted for 30%, adopted by TV (9%), background (7%) and dwell (4%). Of these sources of earnings, dwell and background income had been up 13%, whereas multi-territory on-line income rose 27%.
STIM’s annual report additionally consists of studies of progress on different fronts. After prolonged negotiations, the CMO can now pay out a number of years of royalties from HBO and Disney+, and the conclusion of one other deal implies that the group could have new charges for dwell music by January 2025. The CMO additionally weighed in on the difficulty of AI music within the report “Music, AI and Copyright.”
Probably the most performed tune of the 12 months in Sweden was “Babblarnas vaggvisa,” by Anneli Tisell, Johan Rask and Hasse Sjölander, in response to the annual report.
