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Spanish CMO SGAE Takes in Record $422M in 2024, Up 11.7% Over the Previous Year
SGAE has released its 2024 report. The Spanish SMO took in a record $422 million in 2024, an 11.7% increase over the previous year.
The biggest shows were performances by Karol G, Bruce Springsteen & the E Street Band, and Metallica. The biggest source of that revenue was Europe, especially France and Italy, followed by Latin America, various Caribbean countries, the U.S., and Canada. That represents a gain of 57.2% over regular collections in 2023, but a decrease of 38.1% once a special payment from 2023 is included.
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