As announced, the GVL has started the distributions mentioned above today. The payout notifications and the individual distribution results will be made available immediately in the producers' portal label.gvl.
In this edition, we are looking back on a rather eventful 2022. GVL income has significantly exceeded our expectations with an amount of €235.4m in 2022. When looking back on the three COVID-19-years, GVL managed to navigate its way through the challenging times of the past years rather successfully. At the same time, we used this period to undertake crucial steps regarding the technical and organisational development of GVL.
Today, the GVL has instructed the payments of the distribution proceeds determined. Rights holders can find further information and their individual detailed reports at label.gvl.de. If the results do not lead to additional distributions, you will not receive any payment notifications accordingly.
If you have any questions, please do not hesitate to contact us at label@gvl.de and +49 30 48483-650 or use our chat in label.gvl.
Already earlier this month, international revenues were distributed to the entitled performing artists. Now, as planned, the remuneration for recording producers will follow these days. As in the previous year, we have thus achieved our goal of distributing royalties from abroad to our rightsholders on a quarterly basis.
In this distribution round, a total of approximately 2.6 million Euros from all over the world will be distributed to our rightsholders this time.
This time, our recording producers receive remunerations from Great Britain, Sweden, Estonia, Lithuania and the USA, among others. Moreover, we forward money to our performing artists from Sweden, the Netherlands, Belgium, Spain, Austria and others. For the first time, our musicians also receive usage-based payments from Brazil.
As of today, the GVL is making the payouts for the subsequent distributions of sound recordings 2019 to 2021 to its rights holders. The individual distribution results and, in the case of additional remuneration, the corresponding payment notifications are now available on the label.gvl portal.
The most important events in the international calendar of events include the General Assembly of the International Confederation of Performers' Rights Societies (SCAPR) and the meeting of international producers' representatives in the Performance Rights Committee (PRC Meeting): Both meetings took place in May and GVL was present as one of the leading societies.
At the meeting, among other things, the year-end accounts and the transparency report 2022 were adopted and decided upon. Details can be found in the current press release (14 June 2023).
Furthermore, the Associates' and Delegates' Assembly approved further grants within the framework of the Ukraine aid against the background of the ongoing war.
