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Distribution of Golden Royalties

Distribution of Golden Royalties

Company Calculation of royalties Remarks
Social and cultural Fund Golden Royalties are calculated according to the amount of royalties the creator has received from ACUM over the years of his membership for broadcast and performance of his works in Israel, as from 1981 (the amount is adjusted to current index). Every each 100,000 NIS from his income entitle the creator to one point. The value of each point is decided each year, according to ACUM’s income. In 2011, one point was equal to NIS 1,000 per year. This plan fixes a maximum of 12 points accumulated by any member. Golden Royalties object is to support members who have reach an age where there is or may be a fall in their creative capacity, and therefore a fall in income from their royalties.

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