Global royalties collections for music creators dropped 10.7% during 2020 due to the pandemic, declining by nearly €1 billion (approximately $1.16 billion) to a pre-2017 level of €8.12 billion (approximately $9.3 billion), according to the 2020 Global Collections Report published Wednesday by CISAC, the International Confederation of Societies of Authors and Composers.
Source: CISAC Reports 10.7% Drop in 2020 Global Music Royalty Collections Due to Pandemic