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2021 year-end accounts: GVL increases its income significantly despite the second COVID-19 year in succession

Overall income of GVL for 2021 stands at EUR 248.6m and GVL thus managed to raise it by 15.5 percent compared to the previous year (2020: EUR 216.1m). GVL recorded growth in all three core sectors of GVL, i.e. broadcast, reproduction and public performance. Remuneration paid to GVL by collective management organisations or music licensing companies abroad also rose noticeably. 

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Performers: Supplementary distribution of ZPÜ 2008 and 2009 monies

These revenues relate to supplementary payments from the private copying section (ZPÜ monies) which GVL only received during the current financial year. The payouts will be made to rights holders who already received remuneration from the private copying section for 2008 and 2009.

The revenues from the distribution system which was income-based back then will be accumulated in proportion to the income received in arrears. In this supplementary distribution, about EUR 10m can be paid out to approx. 30,000 directly entitled rights holders.

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Performers: 2017-2020 subsequent distributions launched

Overall, GVL distributes 35.8m euros to performers and their legal successors in the course of a subsequent distribution

The distribution will be concluded with the final distribution where additional monies will be paid out which had not been claimed by the performers within the given deadlines. Since we now have a better understanding regarding the scope of the claims for which we must put money into reserves, we were able to increase the payout amounts significantly. 

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GVL forwards foreign remuneration to performing artists

A total of approximately 4 million euros will be paid out in this distribution round. Royalties will be forwarded from Austria, Italy, the Netherlands, the USA, Great Britain and Finnland, among others.

Prerequisites for receiving foreign remuneration are the reportings of participations and the registrations of repertoire in our online portals as well as the transfer of international rights management.

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Producers: Subsequent distributions for sound recordings 2018-2020 concluded

GVL launched the payouts for the subsequent distributions sound recordings 2018 to 2020 to the producers entitled to receive remuneration today. With immediate effect, the individual distribution results and the relevant payout notifications/statements in case of any additional remuneration being paid are available via our producer portal label.gvl.

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Distributions for event organisers will be brought forward

GVL is going to bring forward regular distributions 2019 and 2020 and the initial distributions 2021 for event organisers to August 2022. The distributions for event organisers had originally been scheduled for the fourth quarter this year. 

Please note that the notification deadline for the contribution notifications continues to be 30 June 2022. The final distributions 2017 and 2018 shall take place in the fourth quarter 2022, as scheduled.

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GVL now also represents producers in Ireland

In addition to the already long-existing contract with the Irish RAAP for our performing musicians, GVL has expanded its rights portfolio in Ireland and enters into an agreement with PPI.

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3 questions for Olaf Zimmermann

For 25 years, Olaf Zimmermann has been the Managing Director of the German Cultural Council. We asked the publisher, former art dealer and recipient of the Federal Cross of Merit what he expected from cultural politics after 100 days of the new government.

 

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