1、Note 1:The figures in this report cover the year 2023,the last year for which there is a full set of data,including the global collections from CISACs network of collective management organisation.Note 2:The figures in this report are an estimate that give an order of magnitude of the music publishi
2、ng sector in general and of the independent music publishing community in particular.Since the methodology and the sources of data have been consistent over the past three reports,they give a sense of scale and afford a look at trends of time and place.Note 3:The currency used for this report is the
3、 Euro.As of December 31,2023,the average conversion rate of the US Dollar to the Euro was 0.924,as defined by the IRS.Introduction by IMPF PresidentAThe big figure independent music publishers market share and estimated revenuesThe big issuesi)The value of the songii)A global presence fostering cult
4、ural diversityiii)The role of A&Riv)Data as the oil in the systemv)Synch and impact on cataloguevi)Ensuring efficiencies from CMOsvii)AI and the threats to contentBConclusionsCMethodologyDAcknowledgementsEIMPF membershipFAbout IMPFExecutive SummaryTable of contents1“When we launched this project
5、 in 2019,little did we know that it was going to become a landmark contribution to the music publishing sector.Our initial goal was to have a picture of what independent music publishers were worth in the global market.We got that and much more.Each year,we provide a figure that captures the importa
6、nce of the sector;that has become a crucial tool in our engagement with policy-makers:this is what were worth,and this is why we matter.Make no mistakes,as this report shows,the global independent music publishing community has significant economic value.In 2023,our global value grew by 5.7%to 2.57b
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