Get the latest gossip

SACEM Revenue Rose 5% to Record $1.6B in 2023

SACEM's 2023 results show that the French CMO's revenue rose 5% to a record $1.6 billion last year.

However, in both of those cases, as well as SACEM’s, the results followed years of more substantial growth fueled by music fans eager to get back to seeing live shows in the wake of the pandemic. Over the past few years, Rap-Veber has helped modernize the French CMO with an initiative known as “SACEM 3.0,” with a focus on delivering results at a reasonable cost. “We continued our transformation into Sacem 3.0 and worked to improve efficiency, ensuring the sustainability of our management account and optimising both our collections and the amount distributed to our members.”

Get the Android app