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💡 Key Takeaways on the Artist's Resale Right. - Resale right income increased by 4.9% in 2023 despite pressures in the art market, now representing nearly one-quarter of visual arts collections. - Global resale right collections have risen by 13.3% since 2019. - The UK remains the largest collecting country for this right, with income growing 4.9% to reach EUR 16 million. Since 2006, DACS has distributed over GBP 125 million to more than 6,000 artists and estates. In 2023, 228 UK artists received their first-ever resale right payment from this source. - France and Italy increased their resale right income by 4.2% and 8.5%, respectively, while Germany saw an impressive 25.9% growth. - In Latin America, Uruguay showed notable growth in resale rights, up 27.2% and surpassing EUR 50,000. Bravo to AGADU | Asociación General de Autores del Uruguay! - CISAC is advising several governments interested in introducing resale rights, with Korea and New Zealand joining the list of adopting countries in 2023. Will Colombia be the next country to support its artists with the Artist's Resale Right?
📣📘 The 2024 CISAC Global Collections Report is now available. Global creators' collections are up 7.6% to a new record high of €13.1 billion in 2023. The Global Collections Report is the authoritative global source for data and analysis on creators' royalty collections across music 🎶, audiovisual 🎬, visual arts 🖼️, drama 🎭 and literature 📚 repertoires. ➡️ Read the report today: https://lnkd.in/d4mTUvyz #collections #copyright #musicnews #musicbusiness #intellectualproperty #creativeindustries #creators
