Artisjus Paid HUF 8.7 bln in Royalties Last Year
Image by Shutterstock.com
Artisjus, the Hungarian association of composers, songwriters, and music publishers, paid HUF 8.7 billion in royalties last year, up 29% from 2021, but still short of the level of annual payments before the coronavirus pandemic, according to profitline.hu.
Artisjus said royalties for Hungarian music accounted for 52% of the total, while royalties for foreign songs made up the rest.
Royalties were paid to 18,414 Hungarian artists. Royalties paid to Hungarian artists for international music streaming services tripled to HUF 273 million.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
