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26. March 2020.
GVL has adopted an additional type of short-term assistance: Advance payments to GVL producers of sound recordings were launched today. At the same time, we are working at full speed on advance payments for performers.
With the advance payments to its producers of sound recordings, which are starting right now, GVL is making a further contribution to the financial support of its rightsholders. By doing so, it intends to counteract the acute economic effects of the corona pandemic, especially on independent labels.
In consultation with its committee representatives, GVL has decided to support all eligible producers of sound recordings with an advance payment on the initial distribution for the 2019 usage year, which is not scheduled until September 2020. The advance payments amount to a total of up to 46 million Euros.