GEMA Reports 2023 Revenue, Distribution Growth in Its ‘Most Successful Financial Year’ To Date

gema 2023 revenue
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gema 2023 revenue
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A nighttime shot of Berlin, where GEMA is based. Photo Credit: Jonny Caspari

GEMA has reported $1.39 billion (€1.28 billion) in revenue for 2023, which the Berlin-based organization’s CEO is touting “as the most successful financial year in GEMA’s history to date.”

The 91-year-old PRO and collecting society reached out with its 2023 financials today, after posting double-digit revenue growth for 2022. According to the newer of the performance breakdowns, GEMA’s aforementioned $1.39 billion in revenue represents an approximately 8.3 percent year-over-year (YoY) improvement.

Within the 2023 sum, GEMA acknowledged $210.79 million/€194.24 million in expenses (up 15.2 percent YoY), consisting of $85.34 million/€78.65 million in staff expenses and $125.40 million/€115.56 million in “material costs” (up 12.1 percent YoY).

Minus those expenses, GEMA pointed to a corresponding total of $1.18 billion/€1.08 billion in capital made available for distribution during 2023, up 7.3 percent YoY.

Digging into GEMA’s 2023 showing by category, the biggest revenue jump arrived in “field service collections,” which spiked 24.2 percent YoY to hit $481.67 million (€443.99 million), per the resource.

Noteworthy hikes also reached international collections (which grew 12.7 percent YoY to $89.14 million/€82.10 million), remuneration rights (up 26.4 percent to $79.52 million/€73.24 million), and the other category (up 112.1 percent YoY to $19.53 million/€18 million). On the “online collections” side, the report shows a nearly three percent YoY uptick to $336.87 million/€310.28 million.

Nevertheless, GEMA identified YoY slips in reproduction collections ($48.48 million/€44.65 million total) and broadcasting ($330.94 million/€304.82 million) as well.

Shifting to membership changes, GEMA pinpointed 2023 additions of 5,849 (including 2,403 individuals between the ages of 21 and 30), for north of 94,000 members overall. The youngest of these members is 11 years old, and the eldest is 90 years older than that, GEMA relayed.

Addressing the figures in a statement, GEMA head Tobias Holzmüller, who started as CEO this past October after more than a decade as general counsel, emphasized the results’ perceived strength.

“2023 will go down as the most successful financial year in GEMA’s history to date,” communicated Holzmüller. “Despite the tense economic circumstances, we have worked to minimise costs and once again increased distributable funds. This sends an important message to our now 94,000 members: You can rely on your GEMA.”

Elsewhere in the report, GEMA took the opportunity to double down on calls for enhanced AI regulations. The European Parliament passed the AI Act last month, but the voluminous legislation’s full-scale implementation remains a ways off. Consequently, several organizations, far from standing idly by amid this lengthy timetable, have shifted the focus to ensuring that the measure’s execution brings about the desired results concerning protected media in AI.