- Unclaimed Royalties
Enclosed you will find a distribution statement from the AFM and SAG-AFTRA Intellectual Property Rights Distribution Fund. This distribution is for non-featured artist sound recording royalties and/or featured artist symphonic royalties.
The non-featured payments represent foreign royalties from 2007-2018 and U.S. royalties from 2013-2017 pursuant to the Digital Performance Right in Sound Recordings Act (DPRA) and the Digital Millennium Copyright Act (DMCA). U.S royalties from 2015 pursuant to AHRA, the Audio Home Recording Act are also included in this year’s non-featured artist distribution.
Symphonic performers are receiving payment as a result of featured artist royalties collected for the transmission of symphonic recordings in the United States and abroad. These payments are a unique form of royalties collected pursuant to the Digital Millennium Copyright Act in the U.S. and agreements negotiated with foreign collectives that cover performance rights for symphonic sound recordings licensed for use on cable satellite and digital media.
If you are receiving a payment, it means that you performed on one or more recordings that were broadcast in the aforementioned markets.
Included in this mailing are:
Please note that if you are receiving a live check, it must be cashed prior to July 31, 2018.
Un-audited Financial Summary Non-Featured Artists
|Total Contributions Available for Distribution||$56,452,696||$63,702,623|
|Less: Operating Expenses||-11,486,627||-10,794,890|
|Less: Omission Reserve||-45,666||-13,955|
|Net of Expenses & Reserve||$44,966,069||$52,123,396|
Un-audited Financial Summary Symphonic Featured Artists
|Total Contributions Available for Distribution||$413,309||$246,717|
|Less: Operating Expenses||-72,123||-41,687|
|Less: Omission Reserve||-51||-120|
|Net of Expenses & Reserve||$341,186||$205,030|
Distribution Guidelines, Direct Deposit and Other Information: The Fund distributes royalties from domestic and foreign sources in accordance with guidelines designed to meet statutory or other requirements. Detailed information about distribution guidelines are on the Fund’s website, www.afmsagaftrafund.org.
The website contains a searchable master list of covered sound recordings, answers to frequently asked questions (FAQs), direct deposit sign-up and other important information. Direct deposit ensures that you will receive your royalty payments in a timely and secure manner, and eliminates the possibility of lost checks.
Questions can be directed to Participant Services at firstname.lastname@example.org, or 818-255-7980, Ext. 411.
Chief Executive Officer