The Spanish performer CMO AIE reports a 7.18% jump in year-over-year revenues, recovering its pre-COVID figures after a significant slump.
AIE, the Spanish performer collective management organization (CMO), reports collecting €41.8 million in 2022, 7.18% more than in 2021 — recovering its pre-COVID figures after a significant slump in the music market. Further, AIE’s total revenue reached 5.2% more than in 2019, the last “regular” year before COVID.
The measures taken and led by the IEA Board to cope with the strong negative impact of the pandemic prevented significant structural damage, enabling the recovery of IPR revenues and providing a solid basis to face the current scenario. The primary markets have been remuneration from digital streaming platforms, where AIE is a pioneer and the public communication of phonograms. The right of music in audiovisual was also significant in 2022.
In addition, 42 million euro were distributed among AIE members in 2022, which entails an increase of 27.2% for 2019 distribution (€33 million). AIE ends 2022 with 33.174 artists members and 103 reciprocal agreements to exchange rights with 80 PMOS in 58 countries. AIE has more worldwide bilateral agreements and is the only CMO with effective capacity to collect in Latin America.
“In recent years, the improvement in the collection and distribution data demonstrates the outstanding work that the AIE has been doing for artists since its beginnings,” says José Luis Sevillano, AIE Director General. “On the one hand: at an institutional level, defending the expanding of artists’ digital rights before important bodies such as WIPO or the European Union, and also before some governments.
“On the other hand: by consolidating our position as the most advanced society in the world in the management of musicians’ digital rights — which is the model we are trying to extend to other countries. But also internally, advancing in a model based on microservices, modularity, and cloud computing (brings) significant benefits in AIE’s commercial transactions.
“For example, the new rights distribution system, based on Data Lake, provides greater transparency and increases the level of detail (granularity) of the data in order to improve the information we offer to our members.”