March 17th payment 2020
These categories are to be included in the payment on 17th of March 2020
Please read the news and additional notes that concern the March payment. This payment we foucs on the following topics:
- Premiere for Viaplay
- Time for Korea money
- Royalties from PRS is not included in March
Premiere for Viaplay!
Our deal with the Video On Demand service Viaplay is in place, and in March we will start paying royalties to the rights holders. We begin to distribute money retroavticely, thus this first payment concists of the last quarter of 2012, along with the full twelve months of 2013, 2014, and 2015. Our payment plan is to include more retroactive periods for Viaplay in the June payment.
Time for Korea money
For some time we have noticed a lack of quality in the music reports which we receive from the Korean society, KOMCA. Our main goal is to always pay the right amount of money to the right person and because of the incomplete reports we have paused our payments of Korea royalties. We have had an ongoing dialogue with KOMCA to get improved reports, and have also met with relevant peopple in Korea this winter - and now the music reports are finally of good quality. This means the royalties will be paid on March. We will start by including KOMCA royalties for the period July-December 2017 and January-March 2018. And in June our goal is to pay for the rest of 2018.
PRS is not included in March
We have just noticed a delay of the distribution of royalties from the Brittish society, PRS. Most of these money relates to performances in the first six months of 2019. We aim to make a separate payment of the PRS money and our current prognosis is for this to happen in April.