Spain's SGAE Reports Record $440 Million+ in 2024 Revenue

Spain's SGAE Reports Record $440 Million+ in 2024 Revenue

Madrid, Spain, where the Spanish Society of Authors and Publishers (SGAE) is based. Photo Credit: Jorge Fernández Salas The Spanish Society of Authors and Publishers (SGAE) has reported record revenue of €390 million (currently $443.1 million) for 2024, when digital collections spiked by 25.6%. SGAE disclosed these and other financial details today; CISAC, of which SGAE is a member, also highlighted the seemingly solid results in a release. Behi…

Spanish society SGAE distributed $378m to its members in 2024, as annual collections reached record $422m

SGAE reports highest annual revenues in 125-year history Source

Spanish collecting society SGAE trumpets ‘highest revenue ever’

SGAE is the latest collecting society to set record figures for collections and/or distributions. The organisation collected €390m in 2024 – up 11.7% year-on-year – with more than €349m of that to be distributed to members, up from €329m in 2023. In its report accompanying the announcement, SGAE noted that its digital revenues are growing fastest: up 25.6% […] The post is from Music Ally.