Company reports to have distributed more than €1bn to rightsholders in a consecutive 12-month period for the first time. With this distribution milestone passed, ICE says that it has now delivered a total of€4.5 billion (approx $4.88bn at current exchange rates) since its first royalty distributions in 2016. ICE was formed by three collection societies — PRS for Music (UK), STIM (Sweden) and GEMA (Germany).
Source: Pan-European licensing hub ICE Services has paid out $4.88bn to rightsholders to date