STIM, the Swedish collective management organization (CMO) turned 100 last fall. Its results for 2023 are giving it another reason to celebrate.
STIM, the Swedish collective management organization turned 100 last fall — and its results for 2023 are giving it another reason to celebrate. The organization took in a record-high 3.095 billion Swedish Krona , up 14.2% from the previous year, the CMO announced May 28. It also announced that it would distribute 2.573 billion SEK — up almost 20% from 2022.
STIM’s biggest source of licensing revenue was online, which accounted for 43% of its total, counting both Swedish and direct international licensing. The second biggest source was foreign revenues, which accounted for 30%, followed by TV , background and live . Of those sources of income, live and background revenue were up 13%, while multi-territory online revenue rose 27%. STIM’s annual report also includes reports of progress on other fronts.
The most played song of the year in Sweden was “Babblarnas vaggvisa,” by Anneli Tisell, Johan Rask and Hasse Sjölander, according to the annual report. BTS Collaborates on Digital Stationery Collection With Goodnotes: See the Exclusive First LookTaylor Swift Announces Extra Support Acts for Eras Tour Dates in LondonPrivacy Policy
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