SGAE members approve statutory and regulatory changes and accounts for 2019 31/Jul/2020
The institution thus adapts to the Spanish and European legal framework

For the first time in the entity's history, all members (over 120,000) have had the right to vote at a 100% telematic voting event

The entity obtained 279.4 million Euros in 2019

SGAE members approved all items on the agenda.
Consult the results

Results of the SGAE 2020 Annual General Meeting

Members of the Spanish General Society of Authors and Publishers (SGAE) have approved the statutory amendments requested by the Ministry of Culture and the regulatory changes required by the Ministry itself and the International Confederation of Societies of Authors and Composers (CISAC) at the Annual General Assembly held online yesterday.

The ratification of both measures allows the functions of SGAE  to be adapted to the Spanish and European legal framework, and represents a decisive step in the process of restoring normality as a management entity, which began last April and will conclude on 22nd October with the governing and representative bodies elections.

Yesterday, Thursday 30 July, was a landmark polling date with the SGAE ballot boxes, because it was the first time that 100% of its members, currently over 120,000 people, were able to exercise their right to vote. Furthermore, as a result of exceptional circumstances, voting was exclusively digital on this occasion, in accordance with health recommendations, due to the corona virus crisis.

Regarding what is referred to in the statutory amendments a majority of over 3/5 of the votes was necessary. With a total of 17,107 votes, 14,940 (87.33%) were in favour, 1,866 opposed (10.91%) and 301 (1.76%) abstained. These changes, which respond to a request made by the Ministry of Culture and Sport this past 22nd May, in its approval of the statutes, emphasise: the flexibility of a member in managing his/her rights in the contractual relationship he/she has with the entity and in the granting of licenses for non-commercial use of his/her works, equal conditions for members, and efficiency in assigning rights and the control of the entity's economic resources.

The changes to the entity's internal regulations,  which were also necessary to adapt the internal rules to the current legislation and to CISAC requirements, were approved by 14,490 in favour (84.90%), 2,146 against (12.57%), and 432 abstentions (2.53%), out of a total of 17,068 votes. In general terms, the approved amendments seek to achieve a greater equity and better balance in the distribution and sharing of music broadcast on television, optimizing traceability between revenue and the distribution of rights.

“The SGAE members support of these measures were required for the updating and modernisation of the entity. We must carry on working to reach our goal: to achieve a Society based on the common good, good practice and plurality. The participation of members of this entity is essential for the renewal of the governing entities and the representation of the Society in the elections on 22nd October. We must recover our members' trust,” said Antonio Onetti, President of the SGAE.

Approved 2019 accounts and management

At its Annual General Assembly, held online yesterday afternoon, SGAE members also approved management and accounts for 2019.

Regarding the 2019 management report, from a total of 17,044 votes, 13,286 (77.95%) were in favour, 2,945 against (17.28%) and 813 (4.77%) abstained.

As for the 2019 financial year, out of a total of 17,020 votes, 14,102 (82.95%) were in favour, 2,239 against (13.16%) and 679 (3.99%) abstained.

279.4 million in income in 2019

Last year the entity obtained 279.4 million Euros, which was 11% less than in 2018 (314.4). At the same time SGAE distributed 279.8 million Euros among its members and administrators, which was 7.4% (302.2) less than in 2018.

-The dramatic WORKS by members of SGAE generated 11.3 million Euros in royalties in 2019, compared to 11.1 million Euros in 2018, which shows an increase of 2.5%. The increase is due to the consumption of dramatic productions in the private theatre network and the significant presence of excellent shows from national repertory in the programming.

-The royalties obtained from popular and symphonic music concerts reached a total of 29.1 million Euros, 7.9% higher than in 2018 (27 million). This has been mainly due to holding big national and international tours.

-As far as public communication is concerned, that has reached 68 million Euros in 2019, which is 2% higher than the previous year (66.7 million). This increase is the result of price indexing and negotiating and cooperating with different sectorial associations and federations, as well as the organisation of various campaigns to increase licensing and reduce delays in payment.

-Copyright from radio and cable broadcasting amounted to 87.6 million Euros, 33.9% lower than in 2018 (132.6 million). The lower amount of revenue comes, on the one hand, from  payment arrears in 2019 by the two largest media groups in the country, Atresmedia and Mediaset, and, on the other hand, from the payment in 2018 of arrears from previous years.

-In the case of revenue obtained from the sale and marketing of SGAE members' repertoire using different media, that reached 4.9 million Euros, which was 1.6% higher than in 2018 (4.8 million).  Of this amount, 4.6 million correspond to the production of musical CDs and DVDs, which implies a slight increase in sales in the Spanish recording market; something that has not happened since 2014.

-In terms of private copying, compensation for the 2019 financial year amounted to 11.4 million Euros, compared to 11.7 million in 2018, representing a 3% decline.

-Regarding digital rights, revenue from digital platforms has risen by 68.2% in 2019, compared to 2018 (11.3), reaching 19.1 million Euros. 93.3% of income comes from international services operating under a pan-European licence. Of these, musical services by Spotify, Google and Apple represent 81% of income.

-The number of copyright holders from abroad reached 26.5 million Euros in 2019, which shows a decline of 8.9% (29.1 million) compared to 2018. There are three main reasons for this decline: the exchange rate, the tax rate and problems concerning technical issues. France, the United States, Italy, Argentina, Mexico, Portugal, Germany, the United Kingdom, the Netherlands and Switzerland represent 80.1% of the total social income from abroad.

How have SGAE members voted? See the agenda

SGAE members approved all items on the agenda
Consult the results