STIM, Swedish Performing Rights Society, hit a record high 2 billion SEK in royalties for Swedish music played worldwide, which is a 7 percent increase from last year.
“It’s very nice being able to look back on a record year for Swedish artists and creators. The interest for music keeps growing and Stim has successfully adapted to the digital market,” Karsten Dyhrberg Nielsen, CEO Stim, said in a press release.
Last year, the royalty money was spread out on over 1,8 million works, which is more than ever before. The number of works that received Stim money has increased as the digital market keeps growing. One of the areas that have grown the most is live performances. Arena tours are extending into longer periods of time with an increased amount of appearances included. Ticket prices have gone up too, compared to previous years.
Swedish music creators are among the most influential in the world and are a vital export for Sweden. “Behind this year’s success, there’s a long list of talented music creators. Zara Larsson, Max Martin and Tove Lo are only a few that are currently putting Sweden on the worldwide map of music.”
[…] In our article about STIM (Swedish Performing Rights Society), we mentioned that 2017 was a record year for Swedish creators, in terms of royalties. Swedish music talents pocketed a whopping 2 billion SEK, just for their music being played on various platforms and outlets. STIM listed the top 10 most successful songs from 2017 with Swedish talent behind it. […]
[…] tracks released by Britney, Katy Perry, Taylor Swift, and The Weeknd. Feats like this are why the Swedish Performing Rights Society hit a record high of 2 billion SEK in royalties in 2018. Sweden has long produced creators that have been largely […]