The Spanish performer CMO AIE experiences a 7.18% bounce in year-over-year revenues, recovering its pre-COVID figures after a major hunch.
AIE, the Spanish performer collective administration group (CMO), experiences amassing €41.8 million in 2022, 7.18% greater than in 2021 — recovering its pre-COVID figures after a major hunch within the music market. Additional, AIE’s whole income reached 5.2% greater than in 2019, the final “common” 12 months earlier than COVID.
The measures taken and led by the IEA Board to deal with the robust destructive affect of the pandemic prevented important structural injury, enabling the restoration of IPR revenues and offering a stable foundation to face the present state of affairs. The first markets have been remuneration from digital streaming platforms, the place AIE is a pioneer and the general public communication of phonograms. The appropriate of music in audiovisual was additionally important in 2022.
As well as, 42 million euro have been distributed amongst AIE members in 2022, which entails a rise of 27.2% for 2019 distribution (€33 million). AIE ends 2022 with 33.174 artists members and 103 reciprocal agreements to alternate rights with 80 PMOS in 58 international locations. AIE has extra worldwide bilateral agreements and is the one CMO with efficient capability to gather in Latin America.
“In recent times, the development within the assortment and distribution knowledge demonstrates the excellent work that the AIE has been doing for artists since its beginnings,” says José Luis Sevillano, AIE Director Normal. “On the one hand: at an institutional stage, defending the increasing of artists’ digital rights earlier than vital our bodies corresponding to WIPO or the European Union, and in addition earlier than some governments.
“However: by consolidating our place as essentially the most superior society on the planet within the administration of musicians’ digital rights — which is the mannequin we are attempting to increase to different international locations. But additionally internally, advancing in a mannequin primarily based on microservices, modularity, and cloud computing (brings) important advantages in AIE’s industrial transactions.
“For instance, the brand new rights distribution system, primarily based on Information Lake, gives better transparency and will increase the extent of element (granularity) of the information in an effort to enhance the knowledge we provide to our members.”