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Explanation by the Board
Like 2020, 2021 was again a special and challenging year, primarily because of Covid-19. A great deal was asked of the Netherlands, of music users and certainly of our members as well. Royalties At the end of 2020, we determined four (Covid-19) scenarios that could occur and have significant effects on the fees we collected. […]
Explanation BumaStemra
Explanation BumaStemra 03:07
Annual report 2021
We are currently translating the Dutch annual report. This will be online soon. Take a look at the Dutch annual report of 2022.
Explanation by the Board
BumaStemra has drawn up the budget for 2022. This has been discussed with the Council of Rights Owners and approved by the Supervisory Board. We are pleased to share the key figures with our members and affiliates in this financial portal. Below we first outline the developments in 2021 on which the expectations for 2022 […]
Copyright royalties
BumaStemra’s joint royalties for 2022 are budgeted at € 223.1 million; 15% higher than the 2021 budget. This would surpass the record level of 2019 (€ 219.7 million). The main driver is a further growth expectation in the Online market. In addition, recovery of the Events Market is budgeted: after a very difficult 2021 due […]
Distribution
The COVID-19 impact on royalties in the years 2020 and 2021 will still affect the amounts available for distribution in 2022. Overall distribution is unlikely to return to pre-COVID-19 levels by 2024. After the 2021 year-end, an assessment will be made as to whether an additional amount can be made available for distribution from existing […]
Financial income and expenses
The 2022 budget takes into account a 1.2% standard return on investments of € 2.3 million. The standard return is based on market expectations and serves to include investment results that fluctuate from year to year more evenly in the cost coverage. If the realised investment result is higher than the standard return, the difference […]
Management costs
BumaStemra has a largely long-term, fixed cost structure which is indexed annually. The costs for the outsourced processing of the online music use are variable and rise in line with the growth in this market. Compared to the 2021 budget, the management costs budgeted for 2022 increase by € 1.8 million. However, the 2022 budget […]
Number of employees in FTE’s
The 2022 budget takes into account an increase in staffing levels to professionalise the organisation, enhance satisfaction with our services and enable future growth. BumaStemra sees possibilities for carrying out part of the currently outsourced work itself at lower costs as soon as the development of the necessary IT solution is completed. From the end […]