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FINANCIAL UPDATE

Extraordinary Distribution ID006 – 17 February 2021

An extraordinary distribution phase is following the royalties payout for the Benvenuto Publishing Catalogue for the reference period of January 2020 – June 2020 (H1 2020), which took place earlier this month. That distribution had incorporated the “Covid Reserves” action by SIAE (the Italian National Collective Organisation).

The total received “Covid Reserves” of €2,125.55 for the Benvenuto Publishing Catalogue, are higher than the amount forecasted during the previous distribution phase. In order to align with the updated amount, an extraordinary distribution phase will take place. 

Investors on the ANote Music platform will receive an additional €574.50, for a total amount of royalties H1 2020 of €4,981.15, pro-forma for the whole catalogue.

 

Stay tuned!

 

ANote Music