Friday 18 October 2019

Music rights society loses on investments

Music rights society Buma/Stemra has cut payouts to artists this year because of losses on its investments, the Financieele Dagblad reports.

The paper says 10.4% of this year’s total payout of €140m has been withheld to cover costs and investment losses. Last year just 1.2% of the total was withheld.
Director Cees Vervoord told the paper the 10% fee was ‘borderline acceptable’. The organisation was now back on track and has reduced the proportion of its assets invested in shares from 30% to 20%, he said. has been free for 13 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
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