The Film Musicians Secondary Markets Fund is a

not-for-profit organization A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...

that collects and processes residual payments from producers and distributes them to film and television musicians. The Fund was established in 1972 as part of a

collective bargaining agreement A collective agreement, collective labour agreement (CLA) or collective bargaining agreement (CBA) is a written contract negotiated through collective bargaining for employees by one or more trade unions with the management of a company (or with an ...

negotiated between the

American Federation of Musicians The American Federation of Musicians of the United States and Canada (AFM/AFofM) is a 501(c)(5) labor union representing professional instrumental musicians in the United States and Canada. The AFM, which has its headquarters in New York City, ...

(AFM) and the

Alliance of Motion Picture and Television Producers The Alliance of Motion Picture and Television Producers (AMPTP) is a trade association based in Sherman Oaks, California, that represents over 350 American television and film production companies in collective bargaining negotiations with entert ...

. Each July, the Fund makes an annual distribution of residuals received throughout its fiscal year to participating musicians. Musicians must have worked on film and television projects scored under the AFM agreements to qualify as participating musicians. There are approximately 45,000 participating musicians entitled to receive residuals. Producers and/or other rights holders make payments to the Fund equal to one percent of their gross receipts from the release of covered films (post 1960) into the ancillary or supplemental markets. These obligations last for the life of the motion picture and remain with the production regardless of how many times the ownership and/or distribution rights are transferred. The Fund's offices are located in

Encino, California Encino (Spanish language, Spanish for "oak") is a neighborhood in the San Fernando Valley region of Los Angeles, California. History In 1769, the Spanish Portolá expedition, first Europeans to see inland areas of California, traveled north t ...

Administrators

* 2014–Present - Kim Roberts Hedgpeth *1999–2014 - Dennis Dreith *1972–1999 - Ed Peters

References

{{Reflist

External links

Official website
1972 establishments in the United States Music licensing organizations Arts organizations established in 1972 American Federation of Musicians