A man watches the sunset while wearing a headphone and listening to music, in Colombo, Sri Lanka February 23, 2023.
REUTERS/Dinuka Liyanawatte/File Photo Acquire Licensing RightsOct 26 (Reuters) - Streaming became the largest source of income for composers and songwriters in 2022 and helped boost their collections by more than a quarter to 10.83 billion euros ($11.44 billion), a report showed on Thursday.
After a boom during the pandemic, streaming collections have doubled from their pre-COVID levels and account for 35% of total collections for music creators, surpassing TV and radio.
"It may not affect the graph lines of creators' collections in 2023, but it will in years ahead.
CISAC is a network of authors' societies, protecting rights and representing interests of over four million creators of music, audio-visual, drama, literature and visual arts.
Persons:
Dinuka, Bjorn Ulvaeus, Ulvaeus, CISAC, Juby Babu, Devika
Organizations:
REUTERS, International Confederation of, Authors, Composers, Thomson
Locations:
Colombo, Sri Lanka, Bengaluru