GEMA Launches $43M Coronavirus Fund for Songwriters

The following article was reported by Tim Ingham and originally published on musicbusinessworldwide.com.  

German performing rights organization GEMA has announced the launch of an emergency aid fund worth up to €40m ($43m) for its songwriter and composer members.

“It is already foreseeable that the economic consequences of the corona pandemic will be devastating for the entire creative industry,” says Dr. Harald Heker, CEO of GEMA.

“GEMA will use all available means to support its existentially threatened members as best [we can] to cushion the economically catastrophic effects for our customers.”