More than 3,000 musicians are owed money that’s been calm on their account by the Complete Recording Special Payments Fund, which distributes anniversary added accomplishment to music makers. Among those owed money are Bob Dylan, Lady Gaga, Lionel Richie, Eric Clapton, Kanye West, The Who’s Roger Daltrey, the E Street Band’s Steven Van Zandt, actor-musician Johnny Depp, Booker T. Jones of Booker T. and the M.G.’s and all four associates of U2.
The estates of abounding backward rockers, bluesmen and applesauce greats additionally accept bearding money advancing to them, including Jimi Hendrix, James Brown, Barry White, The Who’s Keith Moon and John Entwistle and saxaphonist John Coltrane. Read the abounding account here.
Established in 1964 by aggregate acceding acceding amid the almanac labels and the American Federation of Musicians, the fund’s contributions are based on acquirement generated by the auction of music recordings, whether in the anatomy of CDs, tapes, vinyl or agenda downloads. The payments boilerplate about three cents per concrete assemblage sold, and four-tenths of a penny per song downloaded.
The Complete Recording Special Payments Armamentarium has broadcast added than $112 actor to musicians and their brood aback 2004, but contributions to the armamentarium accept been in a abrupt abatement in contempo years, apery the fortunes of the billowing almanac industry. The armamentarium broadcast added than $13.5 actor to musicians and their brood aback in 2004 but alone paid out $3.2 actor aftermost year – a abrupt 75% abatement of added than $10 actor that’s abundantly attributed to the way consumers pay for music, and the admeasurement of online piracy.
As the fund’s administrator, V. Robert DiPaola, explained to participants in 2016, that year’s administration of $3.2 actor was bottomward $1.4 actor from the above-mentioned year as a aftereffect of “the connected abatement in sales of CDs and abiding agenda downloads of complete recordings as added and added consumers about-face to alive services, which do not accomplish contributions to the fund.”
He acclaimed in 2012 that “sales of CDs accept steadily beneath for abounding years due to the alteration from concrete artefact to agenda downloads and the admeasurement of online piracy of complete recordings.” That year, he said, “Contributions accustomed on sales of agenda downloads were abundantly higher, up 7% to $3.5 million, admitting not abundant to alter the lower contributions from sales of CDs.”
Here are the distributions over the 14 years for which abstracts is accessible from the fund’s anniversary reports:
The letters additionally appearance that far beneath musicians are accepting the payments today than in years accomplished — 10,000 beneath aftermost year than in 2004, bottomward from some 25,000 to alone 14,300. This shows the year-by-year abatement in recipients:
Average payments to musicians are additionally accepting smaller; aftermost year, they were beneath than bisected of what they were in 2009.
And while the amount of administering the Armamentarium has additionally gone bottomward – by added than bisected aback 2006 – as a allotment of contributions advancing in, it’s absolutely been activity up. Aftermost year, about bisected the money contributed to the Armamentarium was spent administering it.
Expenses Contributions Accustomed % of Costs to Contributions
2017: $2,413,000 $5,164,000 46.7%
2016: $2,239,000 $5,179,000 43.2%
2015: $2,758,000 $7,180,000 38.4%
2014: $2,908,000 $7,913,000 36.7%
2013: $2,850,000 $7,012,000 40.6%
2012: $3,664,000 $8,997,000 40.7%
2011: $3,578,000 $8,801,000 40.7%
2010: $3,622,000 $10,313,000 35.1%
2009: $3,876,000 $10,593,000 36.6%
2008: $3,922,000 $13,229,000 29.6%
2007: $4,288,000 $11,544,000 37.1%
2006: $4,813,000 $13,061,000 36.9%
2005: $5,204,000 $14,690,000 35.4%
2004: $6,293,000 $15,818,000 39.8%
Much of the costs incurred involves anecdotic and analysis musicians who are owed money. Aftermost year, DiPaola wrote, “The armamentarium was able to analyze and locate musicians for over 97% of this year’s distribution,” but acclaimed that “there are still over 3,000 musicians who accept not claimed money owed them for one or added of the accomplished three administration years.”
After three years, the bearding monies are absent and go into the accepted basin to be reallocated to added musicians as allotment of the afterward year’s distribution. Bearding funds from the aftermost three years absolute $474,000. On average, anniversary bearding analysis is account about $158, admitting abounding are appreciably beyond and abounding added are abundant smaller. The fund’s website does not say who is owed how much.
June 30 is the blow date for admittance in this year’s affairs and for submissions of direct-deposit applications; changes of abode charge be appear no after than July 15, and this year’s cost will be fabricated on August 1.
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