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AFM Musicians And Their Beneficiaries To Receive $99 Million In Early Residuals From Secondary Markets Fund
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deadline.comBy David Robb Labor Editor In an unprecedented step, the Film Musicians Secondary Markets Fund will distribute $99 million to some 17,000 members of the American Federation of Musicians and their beneficiaries on May 22 – more than five weeks ahead of the originally scheduled delivery date of July 1.
The move is in response to the impact the coronavirus shutdown has had on professional musicians working in film and television production.
The non-profit Fund collects, allocates and distributes residuals to scoring musicians represented by the AFM from payments derived from the exhibition of theatrical, television and new media motion pictures in supplemental re-use markets. “The millions of dollars being sent to musicians and their
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