IMRO pays out over €35m in royalties to artists in 2022

Broadcast revenues grew by 4% over the year while live concerts bounced back better than pre-pandemic levels increasing by 12% compared to 2019

Royalties paid to members of the IMRO increased by 59% compared to 2021. Photo: Leah Farrell/Rollingnews.ie

The organisation responsible for licensing copyrighted music and distributing royalties to artists has taken in over €42.5m in revenue during 2022 as the public performance side of the industry bounced back following the pandemic.

In total, €35.6m was paid out in royalties to artists last year, an increase of nearly €13.2m or 59% compared to 2021.