Royalty Update: IRMA Records Publishing Catalogue - Payout #9
Royalty payout ID003 - 23 August 2022
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The IRMA Records Publishing Catalogue (ID003) has received €77,099.83 from SIAE (the Italian National Collective Organization) as royalties distribution for the reference period of July 2021 - December 2021 (H2 2021).
Despite the Italian publishers’ sector experiencing a significant decline in the royalties generated in H2 2021 (-21% on average), the IRMA Records Catalogue showed a remarkable resistance to the COVID-19 downturn of the market, recording only a marginal decline of -2.5% year over year.
The auction for this catalogue was completed on August 31st, 2020. As a result, ANote Music investors are receiving €7,709.98, corresponding to the 10% of the catalogue listed, pro-quota to the percentage owned into the catalogue.
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