Performers: Launch of the initial and subsequent distributions 2020-2022
In the course of this distribution run, GVL pays out a total of EUR 70m to performers and their legal successors, of which EUR 45m relate to the initial distribution 2022, and EUR 25m are associated with the subsequent distributions 2020 and 2021.
Sandy Backhaus, Head of the Rights Holders’ Division for Performers, explains: “We are happy to report that we managed to increase the payout amount compared to the previous year’s distribution; overall, we could distribute close to EUR 13m more than in autumn 2022.”
The reason for this increase in the distribution amount is, among others, a better know-how of the number of those who actually report their claims: “Based on the experience of the previous years, we can now project rather well how much money we must put aside for the closing distribution. This way, our rights holders get the payouts for a distribution year quicker and not just at the end during the closing distribution,” Sandy Backhaus adds.