It wasn't by much, but the German collection society GEMA outdid itself in 2017 by generating more than one billion euros of revenue for the second year in a row. The organization announced on Tuesday receipts of €1.074 billion ($1.33b) in 2017, up ever so slightly from the €1.024 billion it collected on behalf of its 72,000-plus members and rights owners the year prior.
The revenues came from the regional offices (€380.5m, previous year €370.1m), radio and TV (€294.2m, previous year €286.2m) as well as online (after being adjusted to allow for special items: €70.0m, previous year €81.6m). The increases in most of the categories counterbalanced a drop in sound recordings, which dipped below €100 million for the first time in 2017, at €96.1 million.
"The decline by 8.3 percent to €96.1m (2016: €104.9m) is proof of the slow but steady decline of music use by way of sound recordings," said Heker. "The decline in revenue shown in the current report (2017: €70.0m compared to 2016: €81.6m) can be traced back to the new licensing agreement entered into between GEMA and online platform YouTube in 2016 with which a retroactive payment had been agreed upon."