STIM, the Swedish collective administration group (CMO) turned 100 final fall — and its outcomes for 2023 are giving it another excuse to have a good time. The group took in a record-high 3.095 billion Swedish Krona (SEK) ($291.9 million, primarily based on a 2023 common krona-dollar conversion fee), up 14.2% from the earlier 12 months, the CMO introduced May 28. It additionally introduced that it will distribute 2.573 billion SEK ($242.6) — up virtually 20% from 2022.  

The Swedish CMO has at all times been a lot smaller than big counterparts akin to SACEM (the French amassing society) or PRS for Music (UK), as a result of nation’s comparatively smaller inhabitants and financial system. But Sweden has at all times punched above its weight in pop music, particularly on the subject of songwriting, and STIM is extra vital than its measurement would point out. Along with PRS and GEMA (Germany), STIM owns and controls the three way partnership ICE, the Berlin-based licensing and processing hub that has turn out to be an vital pressure in European copyright.  

STIM’s greatest supply of licensing income was on-line, which accounted for 43% of its complete, counting each Swedish and direct worldwide licensing. The second greatest supply was overseas revenues, which accounted for 30%, adopted by TV (9%), background (7%) and reside (4%). Of these sources of earnings, reside and background income have been up 13%, whereas multi-territory on-line income rose 27%. 

STIM’s annual report additionally contains experiences of progress on different fronts. After prolonged negotiations, the CMO can now pay out a number of years of royalties from HBO and Disney+, and the conclusion of one other deal signifies that the group may have new charges for reside music by January 2025. The CMO additionally weighed in on the problem of AI music in the report “Music, AI and Copyright.” 

The most performed track of the 12 months in Sweden was “Babblarnas vaggvisa,” by Anneli Tisell, Johan Rask and Hasse Sjölander, in line with the annual report.