The SGAE obtains the best earnings in its historical past: 390 million euros | Economy | EUROtoday

The General Society of Authors and Editors (SGAE) is in luck. He has closed 2024 registering the perfect outcomes of his 125 years of life. The entity has obtained worth of 390 million euros, 11.7% greater than within the earlier 12 months. And 349 million has distributed amongst its companions, the second highest quantity since 2007 (between the admitted and distributed there may be normally a brief decalage). If their administered ones are counted, along with the companions, the quantity of the distribution quantities to 360 million, 4 million above 2023.

Cristina Perpiñá-Robert, basic director of the Society, blames this good habits in assortment to a number of elements. First, by power that live shows have acquired after the Covid-19 pandemic. “Before a good year for live music used to follow another with less activity, but now the trend has changed and it is not so. In Spain there is a lot of desire for concerts and the number of tours grows,” he explains. In addition, “the digital market is going very well and“ we are uploading the rates to the platforms of streaming”Finally, the Spanish repertoire has had a very good evolution within the worldwide market, particularly in Europe, Latin America and within the United States. The 35.2 million obtained by this idea additionally suggest a historic most, the manager highlights.

Although the gathering of copyright between radios and tv stays the most important supply of earnings within the SGAE, with 110 million euros, forward of discos and bars, stay music and performing arts normally and of all Internet platforms, it’s exactly the digital market that grows probably the most: 25%, to supply 60 million euros to society, particularly as a result of listeners in listening streaming. An quantity that represents 16% of the full earnings, beneath the European 20%, “with which we have growth potential,” appreciates Perpiñá-Robert.

The entity, which has closed the 12 months with 83,602 creators who obtain copyright, has seen how the authors have generated 3.2 million new works, that’s, 34% greater than in 2023. “The digital field has led to the number of works to increase brutally because they are created immediately and also because we have improved the registration process; it is currently almost automatic,” says Perpiñá-Robert. These are particularly younger city music artists and people whose pure market is social networks, some authors to whom the SGAE has approached to affiliate.

Live reveals

Live music has pushed earnings 7.4% as much as 48.7 million euros. Among the live shows held in Spain in 2024, those who lead the rating They are these of Karol G on the Santiago Bernabéu stadium and people of Bruce Springsteen and Metallica within the Metropolitan. Ahead of the ACDC recital within the Cartuja of Seville. And among the many artists who had the best success, Melendi, Robe Iniesta, Pablo Alborán, Manu Carrasco and Quevedo.

Symphonic reveals additionally had nice notoriety final 12 months. The SGAE talks a few milestone, overcoming the three million assortment for the primary time. Although it stays lower than for the sale of vinyl, in full increase, which provides 3.8 million.

Perpiñá-Robert factors out that the entity has improved its effectivity, decreasing the low cost that applies to its administration charges from 17.4% to 16.9% on common. And it has been the general public communication phase the place it has been diminished, the scope the place SGAE normally has larger litigation. In June of final 12 months, the National Commission of Markets and Competition (CNMC) fined the corporate with 6.5 million euros for abuse of dominant place, in a decision that has been appealed, signifies the overall director. “We always have these procedures that have been dragging for year. We had another 3.5 million fine that was annulled by the National Court and we think this can also cancel it.” The SGAE has reached agreements on its charges with personal televisions, with Atresmedia and Mediaset, “and we continue to negotiate with the public,” says the manager.

The firm has 141,907 direct companions and 396 folks in workers. It is the ninth copyright managing entity of the world.