SRSound Recording Division

Chief Executive Officer's Letter


April 30, 2020


Dear Participant,


During what are challenging and uncertain times for everyone, but particularly so many in our music community, we are pleased to provide you with your AFM and SAG-AFTRA Intellectual Property Rights Distribution Fund annual distribution.

This distribution includes 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, and international royalties as a result of the Fund’s reciprocal agreements with numerous foreign countries.

You may notice that a paper statement is not included with this distribution.  To ensure that payments arrived to participants on time, we determined it would be more efficient to provide statements electronically at this time.  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, it is more secure, and it eliminates the possibility of lost, stolen, delayed, or stale-dated checks.   Please note that paper checks must be cashed before July 31, 2020.

Un-audited Financial Summary

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

  2020 2019
     
Total Contributions Available for Distribution $61,976,922 $59,893,778
     
Less: Operating Expenses & Omission Reserve (9,780,137) (10,652,791)
     
Net of Expenses & Reserve $49,240,987 $52,196,785


Information regarding the Fund’s distribution guidelines is available on our website, www.afmsagaftrafund.org
Please direct any questions to our Participant Services department at info@afmsagaftrafund.org.

Sincerely,

Stefanie Taub
Chief Executive Officer




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The AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund, a 501(c)(6) organization, was established by
The American Federation of Musicians and Screen Actors Guild - American Federation of Television and Radio Artists.

Copyright ©2013 AFM & SAG-AFTRA Fund. All rights reserved.