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Corona Emergency Relief: GVL provides EUR 41.9m by way of advance payments to producers of sound recordings

The Gesellschaft zur Verwertung von Leistungsschutzrechten (GVL) continues its financial support to producers of sound recordings in the second year of the pandemic. Today, advance payments relating to the 2020 initial distribution which would ordinarily not take place before September this year have been launched. A total of EUR 41.9m is available in the form of payments on account. These payouts are made together with the subsequent distributions for sound recordings for the years 2017 to 2019.

The payments on account are made to producers who are GVL rights holders and participated in the distributions for sound recordings in the last three years and have not rejected to receive advance payments. The initial distribution for the 2020 usage year to the producers is therefore taking place in two payout rounds in 2021. The total budget for the advance payments paid out not amounts to EUR 41.9m. 

Guido Evers, Managing Director of GVL, commented: “It is of great importance to us to counteract the drastic impact of the corona pandemic we have seen in parts of the business, particularly for independent labels, for a year now, with this advance payout. The crisis is far from being over yet. It is all the more vital for us that we stand shoulder to shoulder with our producers as a reliable partner.”

Apart from the current advance payments and the subsequent distributions, GVL also runs the final distribution for the years 2016 and 2017 for music video clips in the second quarter 2021 as part of its regular distribution practice. Furthermore, supplementary distributions for the private copying sector for the years up to 2015 are expected. 

An overview of all the scheduled distributions of GVL in 2021 can be accessed here: gvl.de > EN > Rights holders > Producers > Parallel distributions.

Producers of sound recordings and performing artists can also continue to benefit from the "corona emergency relief” of GVL: Direct rights holders which are exclusively active as freelancers and have not used the offer last year, can apply for an emergency relief of EUR 250. Information: gvl.de > EN >  Corona Support/Help from GVL.

 

About GVL:

Those who render artistic performances or create the respective financial basis for the latter must receive money for the exploitation of their performances. GVL, the society for the administration of neighbouring rights, captures and manages such exploitations.

GVL pays the fees it collects on a fiduciary basis e.g. from radio and TV stations and for the communication to the public (e.g. in restaurants or cafés) to its members in the form of a remuneration each year. Approximately 160,000 performers, producers of sound recordings and audiovisual recordings, music and music video clip producers as well as event organisers have placed their trust in GVL on a global level - and thus make GVL one of the biggest collective management organisations for neighbouring rights in the world. At the same time, the GVL represents the largest classical repertoire worldwide.

Shareholders of GVL are the German Orchestra Association (DOV), the Federal Association of the Music Industry (BVMI), the Federal Acting Association (BFFS) and the Association of Independent Musicians and Music Companies e.V.(VUT).