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Royalties
Without a Hit Record...and other good stuff
Alan
Willaert (Used by permission)
The
AFM Employers Pension Fund
Other than with the “Bandstand Recording Document” each
time you record under an AFM Agreement, contributions are made
on your behalf into the AFM Pension Fund. This is something that
many musicians do not give much thought about...that is, until
they learn how it works and begin receiving annual statements
showing them how much money they have accumulated.
The
Recording Industry Music Performance Trust Fund
Paid “Showcasing” & other potential “gigs”
The AFM signed record companies contribute a small portion of
the sales profits into a Fund to cosponsor live performances around
the country. These performances include all types of music - rock,
blues, jazz, symphonic, etc. Many areas of the country are using
this to pay our members for their own showcase.
The
Motion Picture Special Payments Fund
Other than “underscoring” there are two ways for musicians
to get into the movies. One way is through what is known as “sidelining”,
which takes place when musicians are asked to perform as part
of a “scene” in a movie. The other is if your record
(hit or not) is used in a movie. If this happens, you could also
be a participant in the Motion Picture Special Payments Fund.
Each year, for each of the movies they have participated in, this
Fund distributes to the musicians residuals generated by the movie
for its release into media other than that for which it was originally
produced (i.e. Theatrical Film to Cassette, Pay TV, etc.). Last
year over $34 million dollars was distributed to our musicians!
The
AFM Phonograph Record Special Payments Fund
Royalty Without A Hit
This Fund pays money to the musicians who have recorded under
the AFM National Phonograph Record Agreement during that year.
This money is divided amongst these musicians on a pro-rata share
based upon how much money they earned that year. This applies
whether the recordings that the musicians worked on for that year
are released or not. If the musician never records again, the
participation in that fund will last for five years.
*
For more information about the Special Payments Funds, contact
the AFM National Offices.
Alan Willaert
AFM International Representative
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