ZAiKS pays out less royalties

In their annual report, the Polish Society of Authors and Composers (ZAiKS) has paid out PLN 224 million to artists as part of their copyrights. ZAiKS collects fees from shops, discotheques, or pubs for music copyrights and pays out royalties to the authors of the music. The amount paid to the artists is considerably smaller than the amount not paid out, PLN 339.4 million, Forsal.pl quoted the recently released data. It turns out that a lot of the royalties did not reach the artists. This includes, PLN 200 million to be paid out this year, PLN 140 million withheld due to improper documentation of copyrights, while PLN 53.8 million simply wasn't paid out because the artists did not claim the money. Meanwhile, ZAiKS has invested in a historic palace costing PLN 4.6 million and listed 16.9 percent of collected fees (PLN 71 million) as operating costs. It appears that the average salary of a ZAiKS employee is above PLN 10,000. ZAiKS spends PLN 5.4 million on an anti-piracy fund and PLN 190,000 on a Creativity Support fund.