STIM, the Swedish collective management organization (CMO) 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 (SEK) ($291.9 million, based on a 2023 average krona-dollar conversion rate), up 14.2% from the previous year, the CMO announced May 28. It also announced that it would distribute 2.573 billion SEK ($242.6) — up almost 20% from 2022. The Swedish CMO has always been much smaller than giant counterparts such as SACEM (the French collecting society) or PRS for Music (UK), due to the country’s comparatively
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