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GVL year-end accounts 2022: For the third COVID-19-year running, revenues are stable

The remuneration collected by the Gesellschaft zur Verwertung von Leistungsschutzrechten mbH (GVL) in 2022 is slightly declining at EUR 235.4m but are still clearly above the original projected figures.

Overall, Guido Evers and Dr Tilo Gerlach, Managing Directors of GVL, give a positive review for 2022 and the COVID-19 times: “We managed to yield satisfactory results in the third pandemic year running. Furthermore, we navigated GVL through these changing times with economic success and achieved historic maximum levels for our payouts. At the same time, we used this special phase to significantly develop from a technical and organisational perspective.”

As part of a total of 13 national and four international distribution runs, GVL paid remuneration to more than 175,000 performers and producers in 2022- Despite another challenging year for the sector, GVL managed to distribute a total of EUR 257m to creatives and their partners in 2022. Since the beginning of the COVID-19 pandemic, GVL has thus paid out approx. EUR 886m to its rights holders.

Read more on the 2022 year-end accounts in our comprehensive press release.