Chief Executive Officer’s/Administrative Letter
April 30, 2024.
Dear Artist/Beneficiary,
We are pleased to provide you with your AFM and SAG-AFTRA Intellectual Property Rights Distribution Fund April 2024 distribution.
This distribution includes the standard US non-featured artist sound recording royalties and/or featured artist symphonic royalties pursuant to the Digital Performance Right in Sound Recordings Act (DPRA) and the Digital Millennium Copyright Act (DMCA), various settlement payments for pre-72 recordings, along with aging pool releases and international royalties from the Fund’s reciprocal agreements with numerous foreign countries.
Statements are available through your Fund online account. To view your statements, please sign up for online access at www.afmsagaftrafund.org, where you will be able to view your current statement, along with all previous distribution statements. We also encourage participants to enroll in direct deposit to ensure that you will receive your royalty payments in the most timely and secure manner and save the paper and costs associated with mailing checks.
Un-audited Financial Summary
(This is the total amount distributed to ALL Participants in this distribution)
| 2024 | ||
|---|---|---|
| Contributions Available for Distribution | $69,673,103 | |
| Less: Operating Expenses & Omissions Reserve | (4,452,681) | |
| Total Distribution | $65,220,422 |
Information regarding the Fund’s distribution guidelines is available on our website, www.afmsagaftrafund.org/Funds/SRGuidelines.
Please direct any questions to our Artist Relations department at info@afmsagaftrafund.org
Sincerely,
Stefanie Taub
Chief Executive Officer
September 30, 2024
Dear Participant,
We are pleased to provide you with your AFM and SAG-AFTRA Intellectual Property Rights Distribution Fund September 2024 distribution. These royalties represent revenues from the Fund’s audiovisual agreements with AIE (Spain), GWFF (Germany), UBC (Brazil), and SWISSPERFORM (Switzerland).
These royalties cover the use of both licensed sound recordings and original underscores in audiovisual works in these territories, such as music contained in a motion picture or television film broadcast; music contained in a motion picture or television film exhibited in cinemas; and Private Copy audiovisual royalties. The Fund distributes these audiovisual royalties to both the featured and non-featured performers whose musical performances are contained in the audiovisual works.
NOTE: THIS IS THE TOTAL DISTRIBUTION THAT WAS ALLOCATED TO ALL PARTICPANTS EACH YEAR.
YOUR PAYMENT IS YOUR INDIVIDUAL SHARE OF THE TOTAL DISTRIBUTION.
| 2024 | ||
|---|---|---|
| Contributions Available for Distribution | $2,701,261 | |
| Less: Operating Expenses & Omissions Reserve | (214,670) | |
| Total Distribution | $2,486,591 |
To view your statements, please sign up for online access at www.afmsagaftrafund.org, where you will be able to view your current statement, along with all previous distribution statements.
We continue to encourage participants to enroll in direct deposit to ensure that you will receive your royalty payments in a timely and secure manner. Not only does it get you your money faster, but it is also more secure, and it eliminates the possibility of lost, stolen, delayed, or stale-dated checks. Please note that paper checks must be cashed before March 29, 2025.
QUESTIONS? Please contact us at info@afmsagaftrafund.org or 818‐255‐7980, Ext. 411, or log into your account on the Fund’s website at www.afmsagaftrafund.org for more information.
Best wishes and continued success,
Stefanie Taub
Chief Executive Officer
July 31st, 2024
Dear Participant,
We are pleased to inform you that a distribution from the SAG-AFTRA and Industry Sound Recordings Distribution Fund (SRDF) was made on Wednesday, July 31, 2024.
The SRDF is a collaborative organization between SAG-AFTRA and the recording industry that collects and distributes revenue from recordings produced under the SAG-AFTRA Sound Recordings Code.
SAG-AFTRA negotiates with record labels to ensure performers receive payment for the use of their sound recordings. These funds come from revenue generated by digital downloads, streaming, and sync licensing fees.
You will receive your 2024 SRDF distribution payment directly from General Entertainment Partners (GEP). Please watch for a check or bank deposit from GEP. You can access your statement electronically by Login into your online account. If you don't have an online account, you can create one by going to Sign Up and following the instructions.
We thank those who have signed up for direct deposit. For those who haven't, we recommend signing up at www.ep.com/myep or emailing EP at directdeposit@ep.com . Direct deposit saves time, avoids disruptions, reduces the risk of lost or delayed checks, and gives you immediate access to your royalties even while you are touring or traveling.
Thank you.
(This is the total amount distributed to ALL Participants in this distribution)
| 2024 | ||
|---|---|---|
| Gross Distributions | $21,127,924.38 | |
| Payroll Taxes | (1,654,182.39) | |
| Expenses and Omissions | (2,255,961.74) | |
| Net Available for Distribution | $17,217,780.25 |
For any questions, please contact Artist Relations at info@afmsagaftrafund.org
Wishing you continued success!
The Trustees
SAG-AFTRA & Industry Sound Recordings Distribution Fund