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DISTRIBUTION SCHEDULE

ACUM distributes royalties four  times per year as follows:


February 1st
Mechanical Rights (Phono, Audio-Visual carriers, DVD) for sales in first half of preceding year.


May 1st
Broadcasting Rights (Radio, TV, Cable) for second half of preceding year; Public Performance Rights for preceding year.


August 1st
Mechanical Rights for sales in second half of preceding year.


November 1st
Broadcasting Rights for first half of current year.



Each quarterly distribution includes income from affiliated foreign societies, reprint rights, and performing rights from big events, collected during the preceding quarter.

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