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 29, 2023

Dear Participant,

The AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund (“Fund”) is pleased to forward the enclosed royalties collected on your behalf. These royalties represent revenues from the Fund’s audiovisual agreements with AIE (Spain), GWFF (Germany) and UBC (Brazil).

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.

Financial Summary
NOTE: THIS IS THE TOTAL DISTRIBUTION THAT WAS ALLOCATED TO ALL PARTICPANTS EACH YEAR.
YOUR PAYMENT IS YOUR INDIVIDUAL SHARE OF THE TOTAL DISTRIBUTION.

  2022 2023
Contributions Available for Distribution $4,296,703 $5,304,385
Less: Operating Expenses & Omissions Reserve (665,482) (578,433)
Total Distribution $3,631,220 $4,725,952

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.

While 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, it is even more critical during times of possible business disruption. 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, 2024.

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, 2023

Dear Participant,

We are happy to inform you that a distribution from the SAG-AFTRA and Industry Sound Recordings Distribution Fund (SRDF) was made on Monday July 31st, 2023. Those of you who signed up for direct deposit should have already received your payment.

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 National Code of Fair Practice for Sound Recordings.

SAG-AFTRA negotiates with record labels to ensure that performers receive payment for the use of their sound recordings. These funds come from a portion of the revenue generated by record labels through digital downloads, streaming, and sync licensing fees.

You will receive your 2023 SRDF distribution payment directly from General Entertainment Partners (GEP). Please keep an eye out for a check or a 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 would like to thank those who have signed up for direct deposit. Thank you for taking this step to ensure efficient and secure payment processing.

We strongly recommend everyone sign up for direct deposit. By doing so, you can help eliminate the risk of lost, stolen, delayed, or expired checks, reduce our printing and postage fees, and most importantly, receive your payment as quickly as possible.

Unaudited Financial Summary
(This is the total amount distributed to ALL Participants in this distribution)

  2023
Gross Distributions $18,034,400
Payroll Taxes (1,438,180)
Expenses and Omissions (2,018,795)
Net Available for Distribution $14,577,425

For any questions, please contact Artist Relations at info@afmsagaftrafund.org

Wishing you continued success!


The Trustees

SAG-AFTRA & Industry Sound Recordings Distribution Fund