Royalty Update: Benvenuto Publishing Catalogue - Payout #4
Royalty payout ID006 - 23 February 2022
The Benvenuto Publishing Catalogue (ID006) has received €29,968.26 from SIAE (the Italian National Collective Organization) as royalties payout for the reference period of January 2021 - June 2021 (H1 2021).
On top of the above, 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 the Benvenuto Publishing Catalogue) 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.
In line with the above “Covid Reserves” actions, investors on the platform will receive an additional €2,338.10, for a total amount of royalties H1 2021 of €53,249.28, pro-forma for the whole catalogue.
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 down in excess of 40% across Italy and Southern Europe, the Benvenuto Publishing Catalogue is performing in line with other comparable industry players.
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