Despite a 27.9% rise in digital royalties helped by the growth of subscription streaming, total worldwide collections in 2021 were still 5.3% lower than in 2019. The result illuminates the disastrous impact of the two-year lockdown on live and public performance income, the potential for further digital growth and the urgent need for actions to unlock more value for creators in the streaming market.
Source: Global creators’ collections up 5.8% in 2021 but still below pre-COVID levels