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Why SACEM Is Thinking Locally While Growing Globally
SACEM collected a record $1.73 billion in 2024, up 7.7% from 2023, the French organization announced this week, fueled largely by global expansion.
As general music business growth slows, mostly due to streaming subscription saturation in big markets, this has allowed SACEM to continue to grow by signing deals with publishers and other CMOs. “The strategy we’ve developed over the last years is to convince publishers and other CMOs to join forces with us to be able to better deal with platforms, not from an equal position but one that’s more balanced, and to invest in tools that benefit everyone,” SACEM CEO Cécile Rap-Veber told Billboard at the Music Biz Conference in Atlanta, where she also did a keynote interview. Competition in the decade since allowed two giant “licensing hubs” to emerge: SACEM and ICE, a joint venture of PRS for Music (the UK CMO), GEMA (the German one) and STIM (Swedish).
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