What is the publisher share distribution methodology involved with determining the payment amount for the NMPA Late Fee Program?
In order to permit the Program Administrator to determine distribution amounts for Participating Publishers, the Participating Record Companies and HFA have provided the Program Administrator with records of payments made by the Participating Record Companies to music publishers and foreign societies during the Group I period (2000-2006) and the Group II period (2007-2008). In addition, Participating Record Companies have engaged outside auditors to attest to the accuracy of historical payment information and the amount of their accrued P&U Royalties for Group I Product and Group II Product. The payment data was used by the Program Administrator to calculate the relative market shares of publishers who received payments from the Participating Record Companies during the Group I period, and similar calculations will be made for the Group II period, which, in turn, will be used as the basis for distributing the Group II funds.
Related Questions
- What is the market share distribution methodology involved with determining the payment amount for the NMPA Late Fee Program?
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