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WGA West Collected $16 Million In Foreign Levies In FY 2022; Total At $340.7 Million Since 1992
08.12.2022 - 00:39 / deadline.com
The WGA West collected $16.2 million in foreign levies on behalf of writers and their heirs during fiscal year 2022, according to the guild’s latest report. That’s down by nearly half of the record $31.6 million collected in the prior year, and a four-year low – though it’s still on a par with many recent years.
The levies are now paid by 20 countries in Europe and one in South America that have adopted copyright laws that compensate the “authors” of films and TV shows for the home taping, rental and cable retransmission of their work.
Since 1992, when the monies began flowing in, the guild has collected a whopping $340.7 million – including interest – and distributed $290.6 million through the end of fiscal year 2022, which ended March 31. And that includes nearly $44 million to non-members and beneficiaries. The collection and distribution of foreign levies are controlled by the WGA West, but WGA East members receive them as well.
The WGA West currently has more than $18.3 million in foreign levy funds held in reserves, and over the years has earned nearly $10.5 million on investments and interest, which the report notes are transferred to the WGA West’s general fund to offset the cost of administering the Foreign Levies Program. Since 2004, assessed administrative fees have totaled nearly $15 million. The WGA West has also donated certain undeliverable foreign levies it receives to the Actors’ Fund – now known as the Entertainment Community Fund. Over the past 10 years, that’s amounted to nearly $6.5 million.
See the full report here.
The DGA, which has collected an amount similar to that taken in by the WGA West, reported in August that it has distributed $286 million in foreign levies to directors over the past
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