extraordinary resolution of the Board of Directors approved by the
Shareholders' Meeting, ITSRIGHT has decided to puts in place some initiatives
for artists and producers.
ITSRIGHT wants to
express its closeness and support especially to the artists, who most of all
have been penalized by the Covid-19 emergency that has hit our country.
Without losing time
with bureaucracy and application procedures to access the funds, ITSRIGHT puts
in place some initiatives, addressed and designed to facilitate all our artists
who have had less results today in the distributions.
We have provided
with immediate effect, also through a specific revision of our General
Regulation, the following:
1. Extraordinary distribution of April 30, 2020 for
the distribution, in addition to what has accrued on the ordinary allocations, by the month of May, of a lump sum as follows:
Artists over the age of 18 and
residing in Italy with the following requirements:
who signed a Mandate with ITSRIGHT which is effective on April 3, 2020 and from
which they did not withdraw before that date;
that in the period of time from the signature of the Mandate and until 31
December 2019 have received from ITSRIGHT a total sum not exceeding € 10,000.00
(net of the provisions as per the Regulation, but gross of the fee due to
of the lump sum:
for gross collections up to € 1,000 -> a lump sum equal to € 1,000.00
for gross collections from € 1,001 to € 5,000 -> a lump sum equal to €
for gross collections from € 5,001 to € 10,000 -> a lump sum equal to €
estimated lump sum = € 3.5 million deriving from 90% of the Private Copy right
and 10% from the provisions.
per the extraordinary distribution and the emergency period that affects
everyone, the periodicity of the distributions of the remuneration will vary to
a quarterly basis (April, August, December).
2. Reduction of the
accrued minimum cashable (art. 11.1 / b of the Regulation) from € 150.00 to € 12.00 gross of the
fee due to ITSRIGHT and consequent immediate release of the sums.
3. ITSRIGHT's Board of
Directors decided to devolve its compensation accrued on the lump sums to the
Sacco Public Hospital in Milan.
4. In favor of all artists and
producers, ITSRIGHT is finalizing an agreement with a bank operating throughout Italy to offer artists
and producers additional amounts and
dedicated financial concessions. All the details of the initiative will be
the subject of our next communication.
In addition to the
above initiatives, ITSRIGHT promoted a further initiative for Italy in support
of the artists, together with other important European collecting companies by
launching a petition (http://chng.it/gpqw6FbGVR) to activate a European
Solidarity Fund dedicated to artists; this petition is accompanied by a letter
addressed to the President of the European Commission, Ursula von der Leyen, to
ask for urgent measures in favor of the artists in this difficult moment. (news)
As always ITSRIGHT is by your side. Our offices are always at your
disposal to provide you with all the necessary assistance:
- for general questions: Barbara Conti: email@example.com
tel. 02.66668900 or Jennie
Nanè firstname.lastname@example.org- for administrative questions: Federica Di
Giorgio: email@example.com tel. 02.66668925