Royalty Update: IRMA Records- & Benvenuto- Publishing Catalogue
Royalty payout ID003 & ID006 – 03 February 2021
ANote Music has received from SIAE (the Italian National Collective Organisation) the funds as royalties payout for the reference period of January 2020 – June 2020 (H1 2020) for the IRMA Records Publishing Catalogue (ID003) and the Benvenuto Publishing Catalogue (ID006).
In response to the general market slowdown due to the impact of COVID-19 on live performances and general life, SIAE has distributed some of its reserves pro-quota to its members (among which IRMA Records and Benvenuto Publishing) based on the member’s historical performance. ANote Music embraced the effort of SIAE to stimulate the music industry, and is thus further backing the package towards the investors on the platform during this payout. Indeed, compared to previous earning periods, in terms of year to year performance, lockdown restrictions took a considerable toll on the industry, with the publishing business being down in excess of 40% across Italy and Southern Europe.
You may find beneath a breakdown per music catalogue and more specific context linked to this distribution phase. For more detailed financial information concerning the music catalogues please visit the ANote Music platform:
IRMA Records Publishing Catalogue (ID003) - Payout #3:
The auction for the IRMA Records Publishing Catalogue was completed on August 31st, 2020. Investors on the platform are entitled, as per shares they own, to receive the royalties for H1 2020, which account for €6,888.14.
In line with the above “Covid Reserves” actions, investors on the platform will receive an additional €2,341.96, bringing the total to €9,230.10. Considering the royalties received back in October 2020 (€2,450.34) from the foreign sub-publishers, the total amount of royalties for H1 2020 stands at €11,680.40, pro-forma for the whole catalogue.
IRMA Records performed better than other comparable industry players. Although IRMA Records has seen a decrease in revenues from concerts, ballrooms and cinemas, it has been significantly outperforming in online consumption and broadcast.
Benvenuto Publishing Catalogue (ID006) - Payout #1:
The auction for the Benvenuto Publishing Catalogue was completed on October 31st, 2020. Investors on the platform are entitled, as per shares they own, to receive the royalties for H1 2020, which account for €3,372.64.
In line with the above “Covid Reserves” actions, investors on the platform will receive an additional €1,551.05, for a total amount of royalties H1 2020 of €4,923.70, pro-forma for the whole catalogue.
The Benvenuto Publishing Catalogue performed slightly better than other comparable industry players. While the decrease in revenues from concerts and ballrooms was noticeable, online consumption and income from cinema has been outperforming.
Looking to learn more about these music catalogues? Go visit the ANote Music platform, create an account or log in, and discover all financial details and relevant insights about all aforementioned assets. Click here to visit the platform.