[Fmpro] Percentages with held.

[Mark Northam]

Great question. I assume this is the "fund" that the 10s of millions of
dollars of member royalty dollars dumped into the MediaGuide project came
from, the million dollar advances that some writers have reportedly
received, etc...?  

After all, ASCAP says "Our books are open to our members and the public".

Indeed.

Best,

Mark Northam


On 8/9/07 6:13 PM, "flight007 at aol.com" <flight007 at aol.com> wrote:

> This is a question that Doug Wood should know the answer to.  I have
> just learned that PRS not only take 15% for administration expenses but
> deduct a further 20% from the gross income for a contingency fund - a
> fund set up in case there have been mistakes made in the distribution.
> The fund is then distributed according to the recent pay out.
> 
> Does ASCAP do the same thing and, if so, what are the percentages and
> how is the money distributed?
> 
> Vic F
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