First half of 2020 – Buma / Stemra tries to limit damage from the corona crisis
The year 2020 started promising, but this turned drastically at the end of February due to the outbreak of the corona crisis. The (inter) national measures to control the corona virus have major consequences for the composers, lyricists and publishers affiliated with Buma / Stemra and also for Buma / Stemra itself. Buma / Stemra does everything it can to limit the consequences as much as possible through the accelerated payment of copyright monies through the Music Emergency Fund and the Music Investment Fund. Buma / Stemra has taken further measures to save costs where possible in 2020. Read more about the 2020 half-year figures here.
Buma / Stemra can look back on a good 2019
The year 2019 was a year of growth and further improved efficiency for our organization. We look back on it with pride. The rights revenues of Buma / Stemra increased in almost all market segments in 2019 compared to 2018 and amounted to a total of € 219.7 million, an increase compared to the previous year by 3%. In 2019, a total of € 190.0 million in copyright monies was paid out to rightholders, more than 5% more than in 2018. At € 26.2 million, the management costs are more than 10% lower than in 2018. View the annual report 2019 (and previous years).
Positive expectations for 2019 set the tone for 2020!
The 2020 budget was adopted by the Supervisory Board in December 2019 based in part on our latest expectations for the financial year 2019: copyright royalties collected and distributions above budget, lower operational expenses and investment results well above the standard return. Compared to the 2019 budget, Buma/Stemra expects to collect €9.7 million more copyright royalties in 2020 and to distribute €11.1 million more to rights owners. Read more about the budget 2020.
Buma/Stemra achieved good results in the first half of 2019!
Buma/Stemra looks back on a good first half of 2019.* Copyright royalties are increasing in almost all market segments and the management costs are under control. The investment results are very positive and more than offset the negative results for 2018. These achievements provide a good basis for the remainder of the financial year. Read more about the 2019 half-yearly figures here.