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French Music Rights Body SACEM Collected Record $1.62B In Royalties in 2023

France’s Society of Authors, Composers and Publishers of Music (SACEM) has announced a 5% hike year-on-year on the total amount of royalties it collected on behalf of its members in 2023, to bring in unprecedented revenue of $1.62B (€1.487B) for the year. SACEM also warned that the passage from physical media sales to digital continued to weigh on the sector, with the development of viable business models that benefited all music artists still proving elusive, while AI was also rising as a fresh challenge. We continued our transformation into Sacem 3.0 and worked to improve efficiency, ensuring the sustainability of our management account and optimizing both our collections and the amount distributed to our members,” said Rap-Veber.

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