Third straight year of rising rights collections for SIAE
Italian authors’ society SIAE has reported a third successive year of revenue growth. In July, the society released topline figures, but the publication of its annual report provides more detail on SIAE’s 2016 business year. The overall rate of growth for collections including private copying remuneration and other intermediation services was lower than the previous year. However, the total was the highest for SIAE since its foundation. SIAE said authors’ earnings from music repertoire edged up last year, with growth also reported for collections from dramatic works, movies, and literary works and visual arts. Digital-music collections rose for the fourth consecutive year, but as a share of total income, the collection source is still low.
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