Transparency Report 2017

TRANSPARENCY REPORT 2017

Directive 2014/26/UE art. 22 – Legislative Decree 35/2017 art.28

SIAE - Società Italiana degli Autori ed Editori Viale della Letteratura, 30 — 00144 Roma, Italia www.siae.it

CONTENTS

SIAE BODIES 3

INTRODU CTION 6

1) Information provided according to the Annex referred to in art. 28, subparagraph 2 of the 6 Legislative Decree no.35 of March 15, 2017 a) Budget documents : Balance Sheet , Income Statement and Cash Fl ow Statement 6

b) Description of the activities performed throughout the accounting period 23

c) Details regarding the refusal to confer a license in accordance with art. 22, 24 subparagraph 2 d) SIAE Legal and governance structu re 24

e) Entities directly or indirectly owned or controlled by SIAE 27

f ) Remunerations paid to the Supervisory Board and to the Management Board 28

g) Financial information referred to in point 2 28

h) Special Relation rega rding the utilization of the amounts deducted for social, cultural and 29 educational purposes 2) Financial information referred to in point 1, letter g 33

a) Financial information regarding the rights incomes – Premise 33

b) Financial information on the cost of rights management and other services provided by 37 the Company to the right-holders c) Financial information regarding the amounts due to the right -holder s 44

- MUSIC REPERTORY 47

- CINEMA REPERTORY 53

- DOR -LYRIC REPERTORY 59

- OLAF REPERTORY 67

ATTACHMENT 1: Relations with other Collecti ve Management Organizations 73

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SIAE BODIES

As of the approval date of the Transparency Report 2017

PRESIDENT

Sugar Filippo Nicola

MANAGEMENT BOARD

Monti Arduini Federico

Proietti Biagio

Purgatori Andrea

Scordino Luca Domenico

SUPERVISORY BOARD

Micalizzi Franco Maisano Michele

Franchini Paolo Mauri Pierangelo

Angrisano Alessandro Maxia Maria Grazia

Barbagallo Angelo Minellono Cristiano

Biocca Antonino Narici Ilaria Anna

Bolelli Ferrera Antonella Ostali Piero Giancarlo

Bonizzoni Roberto Perilli Paola

Borgatti Gianfranco Piovani Nicola

Brunetta Caprini Linda Polillo Marco

Buja Claudio Prudente Oscar

Cinque Massimo Razzini Roberto

Costa Vittorio Rizzi Antonella

Daldello Franco Solbiati Alessandro

De Martino Giuseppe Tommaso Vito

De Siervo Luigi Verona Tonino

Gramitto Ricci Alfredo Villevieille Bideri Silvia

Lavezzi Mario

Leonardi Piero

ADVISORY COMMITTEES

MUSIC SECTION CINEMA SECTION

Benini Massimo Alberico Michele

Buja Claudio Barbanente Mariangela

Chiaravalle Valeriano Biocca Antonino

Corsi Paolo Conforti Michele

Costa Vittorio Koch Giovanna

Fedele Francesco Saverio Gaudino Lucio

Galletti Anna

Lavezzi Mario

Minellono Cristiano

Razzini Roberto

DOR SECTION LYRIC SECTION

Amurri Valentina Battistelli Giorgio

Brunetta Caprini Linda Cannito Luciano

Cavosi Roberto Moro Laura

Cinque Massimo Narici Ilaria Anna

D’Arborio Paola Ostinelli Cristiano

Di Stefano Riccardo Savasta Alessandro

Flora Giovanna

Longoni Gianmario

OLAF SECTION

Bolelli Ferrera Antonella

Fallai Paolo

Foschini Cristina

Hoepli Giovanni Ulrico Carlo

Benigni Claudio

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Piccarolo Laura

AUDIT COMMITTEE INTERNAL AUDIT

Belmonte Laura Scordino Luca Domenico

Fiori Giovanni

Nova Massimiliano

Substitutes:

De Buglio Massimo

Romani Barbara

GENERAL DIRECTOR

Blandini Gaetano

INTRODUCTION

On March 27, 2017, the Legislative Decree no.35 of March 15, 2017 was published on the Official Gazette of the Italian Republic (no. 72) which sets out the "Implementation of the Directive 2014/26/UE regarding the collective copyright management and the connected rights and the concession of multiterritory licenses for rights on musical works for the online utilization in the internal market".

In particular, the decree transposes the Community rules setting the requirements in order to ensure the management proper functioning regarding the copyrights and the connected rights and the concession of multiterritory licenses operated by the collective management organizations for the online utilization of musical works in the internal market.

Article 28 of the decree introduced the annual Transparency report as a binding document, including the Special report regarding the utilization of the amounts detracted in order to provide social, cultural and educational services. The Transparency report must at least contain the information required by a special Attachment to the decree. Apart from the Transparency report, SIAE draws up and transmits to the Parliament and to the supervisory bodies an annual report regarding the results of the developed activity, related to transparency and efficiency profiles.

*** Numbers format It should be noted that dots are used as thousands separators while commas are used as decimal separators.

1) Information provided according to the Annex referred to in art. 28, subparagraph 2 of the Legislative Decree no.35 of March 15, 2017 a) Budget documents: Balance Sheet, Income Statement and Cash Flow Statement

SIAE draws up its Financial Statement in accordance with the Book V, Title V, Chapter V, Section IX, of the Civil Code (Legislative Decree no. 35/2017 art.8 subparagraph 1 d) 3), as reformed by the Legislative Decree no. 139/2015, and the accounting standards issued by the Italian Accounting Body (OIC), updated during the year 2016.

Moreover, starting from January 1, 2005, SIAE voluntarily underwent a financial audit in accordance with the art. 2409-ter of the Civil Code (now Article 37 of the Legislative Decree of January 27, 2010, no.39).

The Financial Statement dated December 31, 2017 consists of:

- Balance Sheet, Income Statement and Notes on the Accounts;

- Management Report;

6 TRANSPARENCY REPORT 2017

- Cash Flow Statement;

- Separate reports concerning “Endorsement”, “Solidarity Fund” e “Project SILLUMINA” managements.

The Financial Statement, in accordance with the scheme described by the Civil Code for Limited Companies, has a scalar structure, with the evidence of the “Operative Result” as the difference between Production Value and Costs (so-called A-B) and (separately) of the result of the financial management.

What is more, compared to other industrial realities, SIAE presents strong elements of differentiations because the production cycle is reverse as the revenues (the collection of the copyright) anticipate the expenditures (inputs acquisition). This leads to the circumstance that the economic parameter represented by the difference between Production Value and Costs (Difference between A-B of the Income Statement) is not properly representative, because the capacity to produce liquidity and, as a consequence, financial incomes is physiological (therefore a typical element).

The Income Statement was therefore managerially re-classified in order to provide the reader useful information for the interpretation of the economic outturn of the current management of the business and of the one related to the strategic actions put in place during the accounting period.

2017 Accounting period - Reclassified Income Statement (amounts in millions of euros) CURRENT MANAGEMENT 2017 2016 Revenues and Incomes 176,6 177,8 Copyright 118,3 123,9 Private Copy 4,2 4,4 Convention services 30,0 30,4 Other revenues and incomes 7,1 11,4 Financial management balance 16,9 7,7 Costs and expenses 159,6 161,9 Staff 76,2 81,1 Management and functioning 75,7 74,6 Different charges 2,7 2,7 Amortizations 4,9 3,5 Current management result 17,0 15,9 STRATEGIC MANAGEMENT 0,0 Plus/minus from financial assets cession 0,0 0,0 Strategic plan (6,6) (9,0) Transposition of the Directive Barnier, sectoral studies and organization of the elections (1,0) 0,0 Corporate reorganization charges (4,4) (5,6) Cultural and social activities (0,9) (0,9) Strategic management balance (12,9) (15,5) #N/D Management result 4,1 0,4

Income taxes 0,3 (0,4) Separated managements 0,1 0,5 Special sectional accounts 0,0 0,0 Result of the accounting period 3,9 1,3

The reclassified scheme listed above points out that the current management produced revenues equal to 176,6 millions of euros and costs equal to 159,6 millions euros. The profit, of about 17 millions of euros (substantially equal to the financial component), allowed to sustain the strategic charges and the social and cultural activities.

The presence of profits consents to plan actions that benefit the membership base in terms of:

- Decrease of commissions (the average commission in 2009 amounted to 16,7 %, in 2017 to 15,3 %).

- Investments in order to improve the business efficiency (informatics, reorganization, etc.); from 2013 to 2017, 28,3 millions of euros were invested only for informatics.

- Support to social and charity initiatives and cultural promotion.

Indeed, without these actions, the Financial Statement would register large surpluses that are not consistent with the company mission.

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The surpluses, equal to 3,9 millions of euros in this particular case, increase, as provided for in the Memorandum of Association, the Reserves which represent, in the absence of a Share Capital, the only guarantee fund for the business continuity.

Balance sheet 2017 2016 Asset B) FIXED ASSETS I) Intangible fixed assets 3) Industrial patents and use of intellectual property rights 5.318.760 5.358.039 6) Fixed assets under construction and advances 293.289 1.213.914 7) Other intangible fixed assets 3.983.288 3.268.297 Total intangible fixed assets (I) 9.595.337 9.840.250

II) Tangible fixed assets 1) Land and buildings 32.302.347 31.882.347 -Land and buildings amortization fund (9.814.682) (9.214.581) 22.487.665 22.667.766

2) Installations and machines 6.057.003 5.735.809 - Installations and machines amortization fund (4.907.343) (5.194.948) 1.149.660 540.861

3) Industrial and commercial equipment 15.273.462 16.356.510 - Industrial and commercial equipment fund (14.235.085) (14.853.720) 1.038.377 1.502.790

5) Fixed assets under construction and advances 0 20 Total tangible fixed assets (II) 24.675.702 24.711.437

III) Financial fixed assets 1) Holdings in: d) other companies 3.657 3.657 3.657 3.657 2) Receivables: d) from others - installments due in the following accounting period 72.031 88.564 - installments due after the following accounting period 96.462.783 84.281.378 96.534.814 84.369.942 3) Other securities: a) S.I.A.E. securities 68.031.628 69.577.305 b) SF securities 0 0 c) "Real Estate Fund" securities 164.609.996 164.609.996 d) SF " Real Estate Fund" securities 31.200.000 31.200.000 e) "Financial Fund" securities 616.000.000 615.000.000 879.841.624 880.387.301 Total financial fixed assets (III) 976.380.095 964.760.900 TOTAL FIXED ASSETS (B) 1.010.651.134 999.312.587

C) CURRENT ASSET II) Receivables 1) From customers a)from associates and principals 1) from associates and principals for shares and annual contributions 1.584.483 875.788 - Devaluation fund receivables for shares (426.750) (400.000) 1.157.733 475.788 2) from associates and principals for advances 82.685.597 72.276.222 - other receivables from associates and principals 30.010 39.805 - Devaluation fund receivables for advances (266.176) (295.947) 82.449.431 72.020.080 83.607.164 72.495.868 b) for private copy compensations 534.223 708.168 c) from other principals 424.260 2.444.429 d) from users 248.922.016 180.355.841 e) from others 182.368 342.233 Total receivables from customers 333.670.031 256.346.539

4-bis) Tax receivables 29.895.833 21.553.117 Total tax receivables 29.895.833 21.553.117 4-ter) Advanced taxes 9.900.013 10.752.459

5) From others a) from employees 212.319 246.681 b) from banks 2.108 18.727 c) other credits 8.019.650 4.134.009 - other receivables devaluation fund (164.553) (396.754) 7.855.097 3.737.255 Total receivables from others 8.069.524 4.002.663 Total receivables (II) 381.535.401 292.654.778

III) Financial activities that do not constitute fixed assets 6) Other securities 0 0 Total financial activities that do not constitute fixed assets (III) 0 0

IV) Cash 1) Bank and postal deposits 208.135.464 245.366.919 3) Money and cash on hand 23.422 22.015 Total cash (IV) 208.158.886 245.388.934 TOTAL CURRENT ASSET (C) 589.694.287 538.043.712

D) ACCRUALS AND PREPAID EXPENSES a) Accruals and prepaid expenses 5.816.839 21.797.501 TOTAL ACCRUALS AND PREPAID EXPENSES (D) 5.816.839 21.797.501 TOTAL ASSET 1.606.162.260 1.559.153.800

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Liabilities 2017 2016 A) NET WORTH III) Revaluation reserves 1) revaluation ex.L. 21/11/00 n. 342 39.150.070 39.150.070 2) revaluation ex.L. 24/12/03 n. 350 41.007.241 41.007.241 3) revaluation ex.L. 28/01/2009 n. 2 11.564.615 11.564.615 Total revaluation reserves (III) 91.721.926 91.721.926

V) Statutory reserves 1) permanent reserve 16.194.908 15.545.059 2) extraordinary reserve 11.937.940 11.353.075 Total statutory reserves (V) 28.132.848 26.898.134

VII) OTHER RESERVES 1) lira/euro conversion reserve 237 237 Total other reserves (VII) 237 237

VIII) RETAINED EARNINGS/ ACCUMULATED LOSSES

IX) Result of the accounting period 3.956.599 1.299.696 TOTAL NET WORTH (A) 123.811.610 119.919.993

B) FUNDS FOR RISKS AND CHARGES 1) For retirement pensions and similar obligations a) principals retirement indemnity 28.614.440 28.745.850 b) additional fees for the end of the verification activity of the employees 18.475 18.475 Total retirement pensions and similar obligations 28.632.915 28.764.325

2) For taxes, including deferred ones 0 0

3) Others a) Solidarity fund 1) performances payment fund 3.202.241 3.202.241 2) capital provisions 6.108.180 6.108.180 3) restricted fund for future solidarity performances 81.392.742 81.494.538 4) permanent reserve 2.866.024 2.866.024 93.569.187 93.670.983

b) for risks connected to the management activity 5.896.360 5.908.690 c) for Pensions Fund management risks 5.199.364 8.000.000 d) for corporate reorganization risks 9.500.000 19.500.000 e) for private copy refunds corrections 0 0 f) for employees incentive 4.246.000 2.600.000 g) charges for security contributions 0 0 Total Others 118.410.911 129.679.673 TOTAL FUNDS FOR RISKS AND CHARGES (B) 147.043.826 158.443.998

C) EMPLOYEES SEVERANCE INDEMNITY TOTAL EMPLOYEES SEVERANCE INDEMNITY (C) 17.432.197 21.385.725 11

D) PAYABLES 4) Payables to banks a) withholding taxes to deduct 0 0 b) other payables 27.917 28.487 Total payables to banks 27.917 28.487

7) Payables to suppliers 15.656.949 17.839.438

12) Tax payables 37.518 2.301.336

13) Payables to security and social institutes 6.733.087 8.437.540

14) Other payables a) to associates, principals and persons entitled 826.870.595 848.914.834 b) to others for "private copy compensations" 178.938.034 156.759.617 c) to other principals (various entities) 1.438.846 1.269.219 d) to operators and others for provisional and cautionary deposits 19.536.508 20.733.369 e) to different corporate bodies and organisms 240.935 200.931 f) to employees 7.866.914 9.046.422 g) different payables 1) different payables 8.343.138 4.924.337 2) copyrights waiting for collection 235.840.596 181.836.969 244.183.734 186.761.306

h) cultural activities funded from private copy 15.736.538 6.653.180 Total other payables 1.294.812.104 1.230.338.878 TOTAL PAYABLES (D) 1.317.267.575 1.258.945.679

E) ACCRUALS AND DEFERRED INCOMES a) Accruals and deferred incomes 607.052 458.405 TOTAL ACCRUALS AND DEFERRED INCOMES (E) 607.052 458.405

TOTAL LIABILITIES 1.606.162.260 1.559.153.800

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Income Statement 2017 2016 A) PRODUCTION VALUE 1) Revenues from sales and performances a) copyright management 1) allocated shares on copyright collections - Music 77.120.337 76.488.674 - Dor-Lyric 9.982.202 9.652.547 - Olaf 2.356.535 2.671.932 - Cinema 5.157.880 8.325.074 94.616.954 97.138.227 2) institutional services 1.280.541 1.355.790 3) shares 8.305.969 8.870.819 4) services connected to the authorial management - connected rights 1.398.116 1.394.309 -administrative rights 5.667.745 6.017.272 - other authorial services 831.050 848.394 7.896.911 8.259.975 5) complementary collections 5.492.317 5.786.466 Total copyright management 117.592.692 121.411.277

b) expenses reimbursement for the "private copy" service 4.244.792 4.354.991

c) endorsement 3.063.341 3.322.198

d) convention services - ticketing 847.487 884.380 - hallmarking 49.077 51.254 - Italian Revenue Agency convention 26.400.000 28.829.400 - cinematographic rental convention 995.347 1.097.820 - Customs and Monopolies Agency convention 1.465.110 213.540 - other conventions 280.876 276.099 30.037.897 31.352.493 Total revenues from sales and performances (1) 154.938.722 160.440.959

5) Other revenues and incomes a) real estate management revenues 1.963.399 3.643.836 b) Solidarity Fund incomes 2.216.002 2.479.475 c) project "SILLUMINA" 9.599.678 6.560.000 d) services provided to separate accounts 1.200.632 1.237.892 e) use of sectional accounts 5.940.224 4.559.171 f) other incomes 4.184.114 7.393.304 Total other revenues and incomes (5) 25.104.049 25.873.678 TOTAL PRODUCTION VALUE (A) 180.042.771 186.314.637

B) PRODUCTION COSTS 6) For purchasing a) goods for sale 398.555 670.486 b) various consumer goods and materials 748.131 682.755 Total for purchasing (6) 1.146.686 1.353.241

7) For services a) business services 1) principals - social security contributions and fees 40.674.816 41.011.396 - provisions for employees severance indemnity 1.604.523 1.517.355 42.279.339 42.528.751

2) external inspectors 375.636 338.223 3) third party processing 2.220.418 3.052.751 4) other business services 3.471.391 2.681.138 48.346.784 48.600.863 b) professional services 1) professional performances 2.444.872 1.698.281 2) legal advocacy 1.451.933 1.412.331 3) consultations 0 409.006 4) staff selection, education and training 128.581 206.860 4.025.386 3.726.478 c) functioning services 1) operating services 9.447.805 9.471.724 2) information technology services 7.423.429 8.695.381 3) travel expenses and external activity 632.084 678.114 4) financial services 777.947 737.166 5) advertising and communication services 1.023.327 1.731.540 6) provisions for charges for services funds 346.732 0 19.651.324 21.313.925

d) corporate bodies and different organisms 988.426 996.556 Total for services (7) 73.011.920 74.637.822

8) For the use of third parties goods a) third parties real estate 8.578.127 8.681.135 b) rental and leasing of goods and various equipment 176.271 195.338 Total for the use of third parties goods (8) 8.754.398 8.876.473

9) For the staff a) fixed compensations 1) fixed compensations 51.696.960 55.601.627 2) compensations for inspection activity, extraordinary works and various 2.508.290 3.272.770 54.205.250 58.874.397 b) social security charges 14.040.261 14.624.649 c) employees severance indemnity 4.264.808 4.411.448 d) retirement pension and similar 0 0 e) other costs 5.251.800 4.558.406 Total for the staff (9) 77.762.119 82.468.900

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10) Amortizations and devaluations a) amortizations of the intangible fixed assets 5.993.751 3.821.633 b) amortizations of the tangible fixed assets 1.973.244 1.800.644 c) other devaluations of the fixed assets 0 0 d) devaluation of the receivables included in current asset and cash 389.358 350.505 Total amortizations and devaluations (10) 8.356.353 5.972.782

12) Provision for risks and charges a) provisions to funds for future charges 5.190.148 5.730.280 Total provisions for risks and charges (12) 5.190.148 5.730.280

14) Different management charges a) Solidarity Fund 1.289.010 1.567.724 b) supplementary contribution pensions fund 0 0 c) associates extraordinary contribution 0 0 d) representation expenses 45.596 45.068 e) expenses for the organization of national and international conferences 214.532 0 f) cultural promotion 3.979.739 3.114.074 g) social activities 9.673.528 6.623.632 h) different taxes and fees 1.865.133 1.636.759 i) different expenses 900.601 373.532 Total different management charges (14) 17.968.139 13.360.789 TOTAL PRODUCTION COSTS (B) 192.189.763 192.400.287

DIFFERENCE (A-B) (12.146.992) (6.085.650)

C) REVENUES AND FINANCIAL CHARGES 16) Other financial revenues a) from receivables stated under fixed assets 33.837 20.679 b) from securities stated under fixed assets 1) dividends 10.966.269 15.352.796 2) interests income on securities 1.934.730 3.195.125 3) various revenues on securities 12.395 12.429 12.913.394 18.560.350 c) from securities stated under current assets - interests income on securities stated under current assets 1.184.901 640.533 - capital gains on securities stated under current assets 24.955 416.000 1.209.856 1.056.533 d) revenues other than those referred above 1) interests income on postal and bank accounts 836.581 1.970.217 2) interests on receivables from Inland Revenue 260.000 405.000 3) interests and other financial revenues 2.368.575 2.433.834 4) default interests and Private Copy penalties 3.000 3 3.468.156 4.809.054 Total other financial revenues (16) 17.625.243 24.446.616

17) Interests and other financial charges a) Interests and other financial charges (772.501) (16.706.885) Total interests and other financial charges (772.501) (16.706.885)

17-bis) Profits and losses on exchanges rate a) exchange rate differences 347 (339) Total profits and losses on exchanges rate (17-bis) 347 (339) TOTAL PROFITS AND FINANCIAL CHARGES (C) 16.853.089 7.739.392

D) ADJUSTMENTS OF FINANCIAL ACTIVITIES VALUE 18) Revaluations 0 0 19) Devaluations 0 0 ADJUSTMENTS OF FINANCIAL ACTIVITIES VALUE (D) 0 0

RESULT BEFORE TAXATION 4.706.097 1.653.742 22) INCOME TAXES a) Current taxes - Ires 0 0 - Irap 0 102.948 0 102.948 b) taxes related to previous accounting periods - previous accounting periods Ires 0 0 - previous accounting periods Irap (102.948) 0 (102.948) 0 b) Deferred taxes - Assets 0 0 - Liabilities 852.446 251.098 852.446 251.098 TOTAL INCOME TAXES (22) 749.498 354.046

23) RESULT OF THE ACCOUNTING PERIOD 3.956.599 1.299.696

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CASH FLOW STATEMENT 2017 2016 A. Financial flows deriving from the operating Activity (indirect method) Profit (loss) of the accounting period 3.956.599 1.299.696 Income taxes 749.498 354.046 Interests expense / (interests income) (6.498.311) (8.488.100) (Dividends) (14.957.218) (21.307.759) (Capital gains)/ capital losses deriving from the activity disposal 586.438 16.101.504 1. Profit (loss) of the accounting period before income taxes, interests, dividends and capital gains/losses of activity disposal (16.162.994) (12.040.613)

Adjustments for non-monetary elements which did not have compensation in the net working capital Allocations to provisions 5.190.148 5.730.280 Amortizations of the fixed assets 7.966.995 5.622.277 Devaluations for sustainable value losses 389.358 350.505 Value adjustments of financial profits and losses of derivative financial instruments that do not involve monetary movement 0 0 Other adjustments for non-monetary elements 6.377.373 4.895.240 2. Financial flow before the variations of the net working capital 19.923.874 16.598.302

Variations of the net working capital Decrease /(increase) of the inventories 0 0 Decrease/(increase) of the receivables from customers (77.323.492) (152.890.478) Increase /(decrease) of the payables to suppliers (2.182.489) 353.649 Decrease /(increase) of the accruals and prepaid expenses 15.980.662 (16.990.900) Increase /(decrease) of the accruals and deferred incomes 148.647 255.397 Other variations of the net working capital 48.947.824 175.692.652 3. Financial flow after the variations of the net working capital (14.428.848) 6.420.320

Other adjustments Collected interests/(paid) 5.168.653 10.444.610 (Paid income taxes) 0 0 Collected dividends 2.800.000 4.287.635 Use of funds (26.857.242) (20.737.449) Other collections/payments (494.108) 0 4. Financial flow after the other adjustments (19.382.697) (6.005.204)

Financial flow of the operating Activity (A) (30.050.665) 4.972.805

B. Financial flows deriving from the investment activity

Tangible fixed assets (Investments) (1.970.820) (910.318) Disinvestments 33.293 5.304

Intangible fixed assets (Investments) (5.823.859) (12.691.635) Disinvestments 75.022 0

Financial fixed assets (Investments) (1.932.476) (266.943.796) Disinvestments 2.440.028 140.699.429

Non-fixed financial assets (Investments) 0 0 Disinvestments 0 112.930.000

Financial flow of the investment activity (B) (7.178.812) (26.911.016)

CASH FLOW STATEMENT 2017 2016 C. Financial flows deriving from the financing activity

Third parties means Increase/(decrease) short terms payables to banks (570) (267.754) Allocation of loans 0 0 (Refund of loans) 0 0

Own means Payment capital increase 0 0 (Refund of capital) 0 0 Disposal/(purchase) of own shares 0 0 Dividends (and advances on dividends) paid 0 0 Financial flow of the financing activity (C) (570) (267.754)

Increase (decrease) of cash (a ± b ± c) (37.230.048) (22.205.965)

Exchange rate effect on cash 0 0

Cash at January 1 245.388.934 267.594.899

Cash at December 31 208.158.886 245.388.934

18 TRANSPARENCY REPORT 2017

Separate accounts

Solidarity Fund

Balance sheet 2017 2016 Asset B) FIXED ASSETS III) Financial fixed assets 2) Receivables: d) from others 1.190.949 0

3) Other securities: b) securities SF 0 0 d) securities "Real Estate" SF 31.200.000 31.200.000 e) securities "Financial Fund" 60.000.000 60.000.000 Total Financial fixed assets (III) 92.390.949 91.200.000 TOTAL FIXED ASSETS (B) 92.390.949 91.200.000 C) CURRENT ASSET

II) Receivables - receivables from others 0 32.077 Total receivables (II) 0 32.077

IV) Cash 1) Bank and postal deposits 5.403.537 2.705.048 Total Cash (IV) 5.403.537 2.705.048 TOTAL CURRENT ASSET (C) 5.403.537 2.737.125 D) ACCRUALS AND PREPAID EXPENSES a) Accruals and prepaid expenses 0 1.667.327 TOTAL ACCRUALS AND PREPAID EXPENSES (D) 0 1.667.327 TOTAL ASSET 97.794.486 95.604.452

Liabilities B) FUNDS FOR RISKS AND CHARGES 3) Others a) Solidarity Fund 1) benefits payment fund 3.202.241 3.202.241 2) capital provisions 6.108.180 6.108.180 3) restricted fund future solidarity performances 81.392.742 81.494.538 4) permanent reserve 2.866.024 2.866.024 Total funds for risks and charges 93.569.187 93.670.983 TOTAL FUNDS FOR RISKS AND CHARGES (B) 93.569.187 93.670.983 D) PAYABLES g) different payables 1) different payables 4.225.299 1.933.469 2) payables due to SIAE 0 0 TOTAL PAYABLES (D) 4.225.299 1.933.469 TOTAL LIABILITIES 97.794.486 95.604.452

Revenues and expenditures 2017 2016 A) PRODUCTION VALUE TOTAL PRODUCTION VALUE (A) 2.415.244 2.493.766 B) PRODUCTION COSTS Management and functioning costs 504.787 251.455 Staff 138.748 79.633 Other management charges - associates ordinary contributions 1.289.010 911.050 - provision for the solidarity performances restricted fund 0 656.674 - various charges 32.376 300 Total other management charges 1.321.386 1.568.024 TOTAL PRODUCTION COSTS (B) 1.964.921 1.899.112 DIFFERENCE (A-B) 450.323 594.654 INCOMES AND FINANCIAL CHARGES Other financial revenues - Interests income on securities 0 0 - Interests income on bank deposits 0 0 Total other financial revenues 0 0 Interests and other financial charges - interests and other financial charges 0 0 Total interests and other financial charges 0 0

TOTAL REVENUES AND FINANCIAL CHARGES (C) 0 0 RESULT BEFORE TAXATION 450.323 594.654 Current taxes - Ires 450.323 594.654 - Irap 0 0 Total income taxes 450.323 594.654 RESULT OF THE ACCOUNTING PERIOD 0 0

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Endorsement Management

2017 2016 - Receivables/(payables) of SIAE 817.816 709.341

Revenues and expenditures 2017 2016 PRODUCTION VALUE Revenues from sales and performances - Endorsement rights 3.063.341 3.322.198 - other revenues 0 800.000 - administrative rights 6.876 0 TOTAL PRODUCTION VALUE (A) 3.070.217 4.122.198

PRODUCTION COSTS Management and functioning costs 1.347.801 1.916.098 Staff 1.393.526 1.326.278 Different management charges - risks and charges provision 0 0 - other management charges 179.270 199.633 Total different management charges 179.270 199.633

TOTAL PRODUCTION COSTS (B) 2.920.597 3.442.009

DIFFERENCE (A-B) 149.620 680.189

REVENUES AND FINANCIAL CHARGES 0 0 RESULT BEFORE TAXATION 149.620 680.189 Current taxes - Ires 41.145 187.052 - Irap 0 0 Total income taxes 41.145 187.052 RESULT OF THE ACCOUNTING PERIOD 108.475 493.137

Project "SILLUMINA"

2017 2016 - Receivables/(payables) of SIAE 15.785.288 6.504.700 Income Statement 2017 2016 A) PRODUCTION VALUE 5) Other incomes and revenues c) other revenues - Expenses reimbursement Ban 1- Urban peripheries 2.782.500 1.893.000 - Expenses reimbursement Ban 2- New works 1.855.000 1.262.000 - Expenses reimbursement Ban 3- Artistic residencies and training 1.855.000 1.262.000 - Expenses reimbursement Ban 4- National and international live 1.855.000 1.262.000 - Expenses reimbursement Ban 5- Translation and distribution abroad 927.500 631.000 - Expenses reimbursement cultural Activity management costs 324.678 250.000 Total other incomes and revenues (5) 9.599.678 6.560.000 TOTAL PRODUCTION VALUE (A) 9.599.678 6.560.000

B) PRODUCTION COSTS 7) For services d) professional and technical services 1) administrative, technical and legal services - Cultural Activity commission fees 135.000 121.714 - Cultural Activity social security contributions 0 3.286 - Cultural Activity expenses reimbursements 0 1.864 - Professional services 0 0 - Accountant certification 40.000 25.000 175.000 151.864 e) different services - Advertising and sponsorships 149.678 98.136 149.678 98.136 Total for services (7) 324.678 250.000

14) Different management charges

d)Siae activity in international field, copyright promotion, studies and initiatives related to promotion, development and diffusion of the artistic and literary italian heritage - Contribution cultural Activity Ban 1 - Urban peripheries 2.782.500 1.893.000 - Contribution cultural Activity Ban 2- New works 1.855.000 1.262.000 - Contribution cultural Activity Ban 3- Artistic residencies and training 1.855.000 1.262.000 - Contribution cultural Activity Ban 4- National and international live 1.855.000 1.262.000 - Contribution cultural Activity Ban 5- Translation and distribution abroad 927.500 631.000 9.275.000 6.310.000

Total different management charges (14) 9.275.000 6.310.000 TOTAL PRODUCTION COSTS (B) 9.599.678 6.560.000

RESULT OF THE ACCOUNTING PERIOD 0 0

22 TRANSPARENCY REPORT 2017

b) Description of the activities performed throughout the accounting period

The events that characterized the accounting period are commented in the Management Report reported in the Financial Statement (published on the website www.siae.it) to which reference is made.

It is considered useful to specify the most significant corporate information.

The structure:

- 1137 employees (1211 in 2016): it has to be considered that from January 1, 2018 other 16 employees resigned after accepting a voluntary redundancy

- 1 Directorate General in Rome

- 461 Agents

- 10 regional / inter-regional Offices

- 28 Branches

2017 economic data:

- € 776 millions of turnover

- € 723 millions from Copyright and other intermediation services

- € 681 millions the rights allocated/paid to the right-holders (including the Private Copy);+ €25 millions, equal to +3,8% compared to 2016

- 15,3% the average commission applied on collections

- € 120 millions in taxes paid to the tax authority (IVA, IRPEF, etc.)

- € 1,3 millions paid in solidarity contributions

- 234 assigned scholarships

- € 9,3 millions on the project SILLUMINA (Private Copy)

- € 3,6 millions in cultural provisions to apply on special sectional accounts

- € 0,8 millions in social and cultural grants

- 87.453 Authors and Publishers who are member of SIAE with 11.215 applications in 2017

- 14,5 millions of works directly managed

- 55 millions of works managed through reciprocal representation contracts

- 270 agreements with foreign companies for the management of the SIAE repertory in the world and of the foreign repertory in Italy

- 1,2 millions of licensing contracts (public performance and representation, background music, TV, online radio, CD/DVD, etc.)

- 540.000 users of the SIAE repertory on the territory

- 493.000 clubs on the territory

- 1.700.000 events a year (4600 events each day) c) Details regarding the refusal to confer a license in accordance with art. 22, subparagraph 2

In 2017 SIAE did not refuse to confer licenses (except the cases of withdrawal or failure to release due to the users non-fulfillment of the conditions established in the licenses themselves, or due to the denial set by the adherents to whom this faculty has been reserved in relation to the nature of the right). In this regard, the licenses are conferred according to the conditions published on the corporate website www.siae.it. d) SIAE Legal and governance structure

SIAE is a public economic body with a membership organization, ruled by the Act January 9, 2008 no.2. In particular, the article no. 1, subparagraph 2, says that SIAE activity is regulated by the rules of private law. The year 2017 – at the end of a process started in 2016 according to the art. 20 of the Act of August 12, 2016, no. 170, which contains the standards for the transposition of the Directive 2014/26/UE – saw the approval of the Legislative Decree of March 15, 2017 no. 35, published on the Official Gazette of the Italian Republic of March 27, 2017, no. 72, for the transposition into national law of the afore-mentioned Directive regarding the collective management of copyrights and connected rights and the conferment of multiterritory licenses for rights on musical works for the online utilization in the internal market (came into effect on April 11, 2017), a provision of particular importance for the organizational, regulative and operative framework of the Company. Strictly connected (as partially amends the afore-mentioned Legislative Decree no.35/2017) is the article 19 “Liberalization of copyright collecting” of the Legislative Decree October 16, 2017 no. 148,

24 TRANSPARENCY REPORT 2017

“Urgent dispositions in financial matters and for non-delayable needs” (published in the G.U. S.G. no. 242 of October 16, 2017) converted by the Act December 4, 2017, no. 172 (published in the G.U. S.G. no. 284 of December 5, 2017), with which – essentially through a modification applied to the article 180 of the copyright law – other collective management companies set out in the Legislative Decree March 15, 2017, no.35 are put next to SIAE in the execution of copyright intermediation activities.

It should be noted that the text of the art.19 - approved by the Senate and the Chamber- did not register modifications during the entire parliamentary process comparing to the one originally approved by the Government.

The Company updated the Memorandum of Association (approved with Ministerial Decree on March 16, 2018) and the general Rules. In the end, SIAE is a “generalist” management body whose rights intermediation activity regards all the artistic fields, currently divided into five specific sections: Music, Dor, Olaf, Lyric and Cinema. The financial resources needed for the realization of the SIAE purposes only come from the activity carried out. Therefore, SIAE does not use – neither directly nor indirectly – any transfer, grant, loan or utility which burden on the State or on any other public entities or organisms accounts. The results of the economic and financial management do not contribute neither to the requirement nor to the indebtedness of public administrations. Therefore, SIAE is separated from the public finance sector. SIAE Memorandum of Association is published on the corporate website www.siae.it. The Memorandum of Association outlines the corporate organization and Governance. The SIAE Governance is completely committed to the bodies elected by the Associates (Assembly, Supervisory Board, Management Board and Section Committees). All the choices in the strategic and administrative sectors, are operated by the associates. The Company’s bodies are the Assembly (from art. 12 to 14 of the Memorandum of Association), the Supervisory Board (from art. 15 to 17), the Management Board (from art. 19 to 23) and the Audit Committee (art. 24). Article 18 of the Memorandum of Association disciplines the Advisory Committees, five in total, one for each Section in which the Company is articulated. It is also contemplated the statutory auditing (art. 25) and the adoption of an organization and management Model able to prevent crimes, pursuant to the Legislative Decree no. 231/2001, with the establishment of a Supervisory Body with initiative and supervision powers of its own (art. 27). Although SIAE is separated from the public finance, the President of the Supervisory Body is a magistrate of the Court of Auditors and the Minister of Culture and Tourism, together with the President of the Council of Ministers, exerts the supervision on SIAE. The supervision is operated with the Minister of Economy and Finance for the matters that regard his specific competence.

Supervisory Bodies

SIAE’s internal rules are available on its website. Of particular note are:

- the Company General Rules (art. 38 of the Memorandum of Association), which also contains the rules of the Sections in which SIAE is articulated, and the conciliation and arbitration procedures;

- the ethical or behavior Code (art. 38 of the Memorandum of Association), which disciplines the rules regarding the conduct of all the staff that operate in various ways for the Company, as well as the one of the associates and principals;

- the Model 231/2001.

26 TRANSPARENCY REPORT 2017

e) Entities directly or indirectly owned or controlled by SIAE

A. Norma Fund - SIAE, on December 31, 2017, holds no. 1.658 shares (equal to the 100% of the issued shares) for a total net value of € 177.398.681 (unit share value € 106.995,586) of the closed-end Common Real Estate Investment Fund “Norma”, reserved for institutional investors and established on December 19, 2011. The Fund subscribed capital as of December 31, 2017, amounts to € 164.609.996, corresponding to 1.658 shares. B. Aida Fund – At the end of the year 2012, the Norma Fund acquired the Real Estate AIDA Fund. This Fund started to operate in 2011 with an initial subscribed patrimony of € 63.900.000 divided into 639 shares with a unit value of € 100.000. Today, the Fund has a subscribed patrimony of € 79.073.964. The Fund total net value as of December 31, 2017, is equal to €75.702.955 (no. 796 shares whose unit value is equal to € 95.104,215). C. Armonia – SIAE joins the European Economic Interest Grouping (EEIG) “Armonia” created in April 2013 in order to simplify the release of pan-european licenses, offering a single hub for the utilization of the repertories that these represent, along with the transparency and the efficiency goals required by the European Union Directive 2014/26/UE on the collective management of rights. The membership fees for the 2017 accounting period amount to €180.205.

D. Fast Track (F.T. the digital copyright network) – Is a simplified Limited Company of which SIAE holds the 9,84% of the shares for a total value of € 3.642. The statutory target is to connect the databases of the different companies making them interoperable. F.T. is a technology provider that realizes solutions for the benefit of the partners and the Cisac community, aimed at the improvement of the copyright management in terms of accuracy of the information and interchange speed. E. RAI and MEDIASET - SIAE holds RAI shares for a budgetisation value equal to € 130.887 and a nominal value equal to € 1.071.100 (0,44% of the relative share capital). SIAE also owns Mediaset shares (0,0006% of the share capital) with a nominal and balance sheet value equal to € 3.615. F. Nabucco Fund – On October 2, 2014, the SIAE Solidarity Fund subscribed no. 312 shares with a total value of € 31.200.000 (unit share value of € 100.000,00) of the closed-end Common Real Estate Investment Fund, reserved to institutional investors. The Fund total net value as of December 31, 2017 amounts to € 32.465.225 (no. 312 shares of nominal value equal to € 104.055,208). G. Pentagramma Fund – On August 3, 2015, SIAE subscribed no. 2.950.000 shares of the SICAV- SIF Indaco Pentagramma for a total value equal to € 295.000.000 (unit share value of € 100). On December 31, 2015, other 595.474,394 shares were subscribed (unit share value of € 100,76) bounded to the management of the Solidarity Fund, which total value amounts to € 60.000.000. On May and June 2016 other 1.166.747,690 shares were subscribed, which unit share value is equal to € 102,85 each (total value equal to € 120.000.000) and no. 1.366.386,882 shares which nominal value amounts to € 102,46 (total value equal to € 140.000.000) SIAE owns

the 100% of the Fund shares, whose deposit is committed to the Profilo Bank and the Fucino Bank. Therefore the total value of the Fund as at December 31, 2016, amounts to € 615.000.000. H. BIEM - SIAE is vice-president of BIEM (Bureau International des societes gerant les droits d’Enregistrement et de reproduction Mecanique ), an organization located in Paris, composed by 51 companies representing 120 countries in the field of mechanical reproduction rights and whose main purpose is to ensure the recognition and the effective protection of these rights through the negotiation of standard contracts with the IFPI (International Federation of Phonographic Industry). which represents the phonographic industry, in order to establish the conditions for the utilization of the repertories managed by the Companies of the Authors. It also deals with the assurance of technical collaboration within its members. As a non- governmental organization, the BIEM represents and defends the interests of its supporter companies among the international institutions. SIAE holds a share (€ 15,24) of the share capital (€ 411) of the BIEM. f ) Remunerations paid to the Supervisory Board and to the Management Board

During the 2017 accounting period the remunerations granted to the SIAE corporate bodies were as follows:

- € 330.714 to the Supervisory Board; - € 180.000 to the Management Board; - € 160.000 to the Board of Auditors. It should be noted that the Memorandum of Association (art. 8) specifically regulates the determination of the remunerations of the afore-mentioned corporate bodies. The following remunerations were also provided to other controlling bodies:

- € 140.000 to the Supervisory Body 231/2001; - € 160.000 to the Auditing Firm. It is stated that in 2017 SIAE also paid a total of € 57.202 to the Section committees and € 12.000 to the Disciplinary Board, always within the limits imposed by the Memorandum of Association (art. 11). g) Financial information referred to in point 2

In the following point 2 of this document are presented:

- the collections received and the connected commissions withheld during the accounting period;

- the Income Statements divided between the author management and the other managements of SIAE;

- the Income Statements divided into repertory, category and typology; - the financial flows connected to the distribution process of each repertory and typology;

28 TRANSPARENCY REPORT 2017

- the cash flows divided into repertories; - the balances of the operations intervened with the other Collective Management Organizations. The details of these operations are reported in the appendix of the present document (Annex 1). h) Special Relation regarding the utilization of the amounts deducted for social, cultural and educational purposes

In compliance with what is required by the art. 28, subparagraph 3 and the related Annex (point 1 h) 3 a) b)) the requested information are exposed below. SIAE supports the cultural activities related to the valorization of all the sectors where its mission to grant the copyright is developed, with the ambition to become first of all a nursery for projects and ideas that promote the creativity, especially for young authors, overcoming its more traditional role of economic sponsor for festivals and events. In order to pursue this target, within the Music Division and the Cinema, DOR-Lyric and Olaf Sections specific support lines were established (so-called “sectional funds for cultural promotion”). For this purpose, SIAE’s main targets are aimed at facilitating and supporting the spread and the exchange of the Italian artistic culture, not only on the national territory but abroad too, through promotional activities, specific agreements, development of international relations and training events and fundings. Thanks to the funds for cultural promotion, SIAE sustains various projects such as bans for the development of screenplays, training courses and scholarships for young authors, events and reviews throughout Italy. These initiatives reach all kind of public, in the cities, in the suburbs, in schools of all types and levels, up to hospitals and jails, making accessible and usable for everybody the cultural asset that SIAE guarantees, but also contributing to a culture of social inclusion, through a peaceful coexistence not only among cultures, but mostly among different social conditions. The cultural projects sustained and realized thanks to the contribution of the funds have 5 principal common grounds: young authors, editors and editorial start-up, training, internationalization, digitalization and valorization of cultural industry in all its artistic expressions. Some of these praiseworthy cultural, social and educational initiatives would have never seen the light without SIAE contribution. Through the writing, the language, the sound, new technologies and web, SIAE wants to bring to the fore the creative and authorial work of young authors who are interested in the music, TV and cinema world, exploiting the synergies between modern technologies and available platforms, creating spaces and occasions to promote the circulation of ideas, methods and new targets. That’s exactly with the economic sustain to festivals and events on the territory that SIAE contributes to the creation of contact, visibility and, not the least, work opportunities for those who work in the sector: occasions that make SIAE closer to everybody. The resources that sustain these sectional funds mostly regard rights related to the public performance and representation, including the cinematographic one, the communication to the public through radio and television broadcasting done with all kind of means, the rights related to the record on every audio

and video reproductive support, the reproduction rights realized through photocopies or similar system. Moreover, in 2017 SIAE destined 0,85 millions of euros (equal to the 0,90%) to the support of cultural, social and educational initiatives. With the MIBACT patronage, starting from 2016 SIAE supports the project SILLUMINA that provides the distribution of the 10% of the private copy compensation in activities that increase the youth creativity. In October 2017, the 5 bans of the second edition of the SILLUMINA private copy for young people were opened, for the culture addressed to individuals, companies, agencies and associations that present a project for the support of authors, performers and interpreters under 35. With the funds for cultural promotion of Music Division in 2017, was defined the project “Italia Music Export”, a structure created by SIAE with the intention to facilitate, sustain and support the Italian music spread abroad. The initiative is aimed at musicians, authors, composers, record labels, managers and, more generally, at the Italian Music Business world through a promotional activity, specific agreements, development of international relations and training events and fundings. Moreover, it is worth highlighting that the Distribution Order of the Music Division provides a deduction equal to the 5% on the net incomes realized with the musical performances, to be allocated in favor of the SIAE associates, whose works are assigned to the Division itself. The deduction is made respecting what is contemplated in the mutual representation contracts with foreign companies, or in the contracts between entities that represent the right-holders; the related amounts are only used for welfare and encouragement of national art purposes. Today, the relative Fund counts more or less 33 millions of euros. It has to be pointed out that, through the Solidarity Fund too, SIAE supports the less lucky authors. The utilization of the resources based on its purpose is summarized in detail:

SIAE FOR THE SOCIAL Progetti ospedali pediatrici : Sanremo 1.000 Special Stage 11.000 Natale 2017 Donazione per Fabrizio Pinna 2.000 Tensostruttura (SIAE per Amatrice) 12.000 Radio Sociale 3.000 Progetto Centro Sperimentale (SIAE per Amatrice) 15.000 Bulli stop 4.000 Upside Down 15.000 Leporello 5.000 Cinemanchio 15.000 Premio Musica contro le Mafie 5.000 Il Vento del Nord 15.000 Ass.Susan G.Komen Italia onlus 5.000 Festival del Silenzio 15.950 Bulli stop-Centro nazionale contro il bullismo 5.000 Festival RisorgiMarche 20.000 Web Radio Rossellini e Radio Battaglia Norcia 6.200 Il jazz italiano per le terre del sisma 25.000 Sistema Orchestre giovanili e infantili 8.000 Partita del cuore 2017 29.950 ProgettI ospedalI pediatrici: Bambin Gesù 9.042 Premio Solinas 30.000 La cugina detective 10.000 Il jazz italiano per le terre del sisma (Ass. I-jazz) 45.000 Oltre il carcere – Scrittura scenica 10.000 Insieme per la musica - Ass. mus. citta' dell'Amatrice (SIAE50.000 per Amatrice) Teatro in fuga 2018 10.000 Noi qui concerto Claudio Baglioni 50.000 Il Salone dell’editoria sociale 10.000 Fondazione A.Bocelli-Ricostr.Istituto G.LEOPARDI 50.000 Festival Restart antimafia 2017 10.000 Co2 Mussida – fase 5 70.000 Orchestra sinfonica Quartieri Spagnoli 10.000 Contributo sisma Mandatari 86.400 Progetti ospedalI pediatrici: Meyer 10.000 Progetto Amatrice nel cuore (SIAE per Amatrice) 95.000 Fondazione Telethon 10.000 Una Biblioteca per Scampia 100.000 Figari Film Festival 10.000 Premio Goliarda Sapienza 110.000 Atelier Farnese 10.000 TOTAL 1.013.542

30 TRANSPARENCY REPORT 2017

SIAE FOR THE CULTURE Fuorinorma 1.500 I diritti dell’autore comico 15.000 Officina Verdiana 2.000Kilowatt Festival 15.000 Spring attitude 2017 2.000 Mediterriamo 15.000 Demia research 2.000 Festival Ravenna jazz 2017 15.000 Rassegna d’Amore e d’Autore 3.000 Genova per voi 2017 15.000 Rapporto annuale Federculture 3.000 Animaphix 15.000 Strings city 3.000 Esco! Sudtitles 15.000 60° Festival dei due mondi di Spoleto 3.500 Ortigia Film Festival 15.000 Enciclopedia SIAD - Autori e drammaturgie 4.650 Visioni dal mondo 15.000 Festival Baby Voice 5.000 Steno-L'arte di far ridere 15.000 Premio Andrea Parodi 5.000 Tramedautore 17.000 Soundtrack Stars Award 5.000 Concerto 1^maggio 20.000 Premio Malerba 5.000 Premio Bindi 20.000 Piano city Milano 5.000 Ariston Comic Selfie 20.000 Festival Intern.le di Letteratura e Cultura Ebraica 5.000 Vedete sono uno di voi- Ricordo del Cardinal Martini 20.000 Festa della Musica - Il mestiere dell'autore 5.000 Indiegeno Fest 2018 20.000 Capalbio libri 5.000 Promo Sanremo Città della musica 2017 20.000 Reate festival 2017 5.000 Teatro No'hma 20.000 54° Festival Nuova consonanza 5.000 Vorrei che fosse Amurri 20.000 Meraviglioso Modugno 2017 5.000 Cartoon Club 20.000 Letterature-Festival internazionale di Roma 5.000 Le vie del cinema da Cannes a Roma e in regione 20.000 Il Circolo in streaming 5.000 Libero Cinema in Libera Terra 20.000 Tivoli chiama! Festival delle arti 5.000 Noir in festival 20.000 Rassegna musiche in mostra XXI ed. 5.000 1M NEXT 25.000 Il club dei 27 5.000 Festival internazionale della danza 25.000 Accademia Festival di Ghedi 5.500 Autori under 35-radio2 social club 25.000 Giovani in jazz 6.500 Una striscia di terra feconda 25.000 Premio Donida 7.000 Radio 2 Social club 25.000 Rock Contest 8.000 Aperossa romana 25.000 Club to Club 10.000 Premio Città di Mantova – Cinema d’Arte 25.000 Musicultura 10.000 L'industria del doppiaggio in Italia 25.000 Indiegeno Festival 10.000 Una striscia di terra feconda 25.230 Premio Bertoli 10.000 Festival Sanremo Rock - XXX edizione 30.000 Premio Lunezia 10.000 Ho giurato di non restare in silenzio 30.000 Roma Sinfonietta 10.000 Standing Ovation Modena 30.000 Time in Jazz 10.000Talenti on stage 30.000 Sicilia In- Concorso di danza internazionale 10.000 Il Mese del documentario 30.000 Honoring Gianfranco Rrosi-Los Angeles Italia 2017 10.000 Premio Fondazione David di Donatello 30.000 Il cinema ritrovato 10.000 Il mese del documentario 30.000 Ostia Festival "Il mito e il sogno 2017" 10.000 Trastevere Rione del Cinema 35.000 Ventana sur Buenos Aires Argentina 10.000 Campagna Oscar per “Fuocoammare” 38.000 Premio Carlo Bixio 2017 10.000 Jazz Do It 50.000 Gran premio internazionale del doppiaggio 2017 10.000 Festa della musica 2017 50.000 Arcipelago 10.000 Lucca Summer festival 50.000 Follows on the next page

SIAE FOR THE CULTURE Festival Itala 10.000 Linecheck 55.000 Ischia Film Festival 10.000 Giornate degli Autori 55.000 Racconti dal vero racconti dal mondo – Apollo 11 10.000 Un Tenco lungo un anno 60.000 Settimana Internazionale della Critica 10.000 Riapertura della ex Sala Troisi in “Cinema Troisi” 60.000 Umbrialand 10.000 Premio Carmelo Rocca 63.000 Visioni fuori raccordo 10.000 Air – Artisti in Residenza 75.000 Voci nell’Ombra 10.000 Festival di Castrocaro 75.000 Rockol awards 2017 10.925 I love GAI – Lightobox 80.000 Magia dell'Opera XII edizione 11.000 Dialogando con SIAE - Incontri basa ass.tiva 80.591 Festival della comunicazione 2017 11.000 Proformat 2018 90.000 Galà Mozart-Auditorium Parco della musica 12.000 Saranno famosi-concorso per commedie musicali 100.000 Umbria jazz festival 2017 14.950 Italian Music Export 119.407 Area Sanremo 15.000 Classici di Oggi 300.000 MI AMI 15.000 TOTAL 2.719.753

SIAE FOR THE TRAINING Radio Istituto Panetti 731 Spazio ai Giovani Autori – Milano Mon Amour 10.000 Massimo Boario – Composizione marcia per banda 1.000 Torino Short Film Market 10.000 Radio Rossellini 3.660 Ventotene Film Festival 10.000 Welcome to Canadian Music Week focus on Italy 4.000 Borse di studio (SIAE per Amatrice) 12.200 Le Voci di Cartoonia 4.000 Officine della Musica 15.000 Roma Web Fest – corsi universitari 4.000 Un teatro di storie 16.500 Nordic Film 4.974 CNR – Centro DONNE e Audiovisivo 18.000 Creuza de Ma’ 5.000 Festival del Cinema e della TV di Benevento 20.000 Teatro e scrittura 5.000 Giovani Autori 20.000 Roma Web Fest – workshop 6.000 Laboratorio di Filmmaking 20.000 Dominio Pubblico 7.000 Premio Zavattini 20.000 A scuola con l’Orchestra di Piazza Vittorio 8.000 Workshop Showrunner 20.000 Premio Michele Mazzella 9.500 Biblioteca per Elisa 22.991 Master Cinema e Televisione – Suor Orsola Benincasa 10.000 Script 25.000 Master in Filmmaking Ca’ Foscari 10.000 CSC – Borse di studio 25.000 Tradizione – Il teatro di domani 10.000 FilmAp 25.000 A.GI.MUS. – Concorso di composizione 10.000 Officina delle arti Pier Paolo Pasolini 30.000 Canto italiano 10.000 Accademia Nazionale Silvio D’Amico 30.000 La tribu' dei lettori - Scelte di classe 10.000 Series Lab 40.000 Scuola di musica Pentakaris 10.000 Più libri più liberi 50.000 Nastri d’Argento 10.000 Palcoscenico della legalità 55.000 Salina Doc Fest 10.000 Campus Band Musica e Matematica 100.000 TOTAL 747.556

Through many projects and plans for cultural promotion SIAE destined more than 32 millions of euros in order to support the creativity and the authors who were most in need, in a general framework in which public and municipal support is constantly decreasing. The deductions made on the musical performance rights have not been used yet.

32 TRANSPARENCY REPORT 2017

PROMOTIONAL, CULTURAL AND SOCIAL ACTIVITIES 2017 Solidarity deductions equal to 5% on musical performing rights collections 16.990.078 Project "SILLUMINA" 9.599.678 Solidarity Fund ordinary subsidies 1.289.000 Cultural initiatives promoted by the Section Committees 2.656.188 Cultural and training initiatives promoted by SIAE 811.121 Social initiatives 1.013.542 Total 32.359.607 2) Financial information referred to in point 1, letter g. a) Financial information regarding the rights incomes – Premise

A. Collections – The amounts received by the Company deriving from the collection services do not represent an income detectable in the Income Statement.

These amounts (or incomes) are intended to be divided between the Associates (and the principals) and detected in the Financial Statement as “indebtedness” towards the Associates (and the principals) themselves, without any prejudice to the fact that this definition (“indebtedness”) does not represent neither “overbalance” nor financial requirement, but amounts intended to be divided.

Collections 2017 Collections Allocated shares Allocated shares / Collections Cultural promotion activity deductions Net to be distributed

Musical works: performing rights 399.151.913 72.337.328 18,1% 16.134.090 310.680.495 Musical works : reproduction rights 30.730.999 3.280.208 10,7% - 27.450.791 Musical works : private copy 28.480.333 854.410 3,0% - 27.625.923 Audiovisual works 48.168.113 5.090.934 10,6% - 43.077.179 Theatrical and Lyrical works 66.811.591 9.983.003 14,9% - 56.828.588 Literary works 7.707.256 957.973 12,4% - 6.749.283 Visual Art works 10.045.053 1.337.436 13,3% - 8.707.617 Rights from abroad 27.298.524 818.953 3,0% 855.988 25.623.583 Total collections 618.393.782 94.660.245 15,3% 16.990.078 506.743.459

In 2017, the total copyright collection recorded a decrease of 20 millions of euros as compared with 2016. If we do not consider the backlogs that largely interested the previous financial years, the current incomes result in line with those of 2016 and considerably improved as compared with 2015.

2017 654 48 6 8

2016 566 50 22

2015 541 55 30

0 100 200 300 400 500 600 700

Current collections Private copy - authors share Backlogged compensations Non-payment

34 TRANSPARENCY REPORT 2017

In particular:

- The incomes related to the utilization of the musical works register an increase of about 6,3 millions of euros (+1,4% compared to 2016). The big concerts sector had an essential role with a wide planning, both national and international. Particularly important was the “Vasco Rossi Modena Park” event on July 1, 2017, which, with an amount of 225 thousand tickets sold, was the world record event with the major affluence of paying audience.

- The copyright collection for audiovisual works shows an important decrease of about 22 millions of euros compared to 2016. As regards the private copying levy for television spots, the positive result of 2016 transposed substantial pre-existing entries (not replicable) deriving from the agreement with an important national private broadcaster. Moreover, it has to be considered the payments interruption that occurred from a main TV operator.

As regards the distribution of the incomes it is noted that:

- Timing and criteria are deliberated by the Management Board following the opinion of the Section Committees composed by the Associates;

- SIAE respects the timing referred to in art. 17 of the Legislative Decree no. 35/2017;

- If requested by the interested ones, SIAE assigns important advances, allowing the authors and the editors to receive the payment of the copyright before the distribution operations.

B. Incomes – SIAE incomes consist of “allocated shares” that are withheld from the incomes as a remuneration for administrative services (incomes, distribution, liquidation and payment of copyrights) made for the Associates and the principals.

The incomes of the authors sector, together with the compensation for the services provided for third parties under mandate or by law and together with other incomes, represent the revenues exposed in the “production value”.

The production value, the financial incomes and the possible extraordinary incomes are intended to remunerate the production factors and the other costs and management charges. As mentioned above in the paragraph 1 a), the financial incomes are made from both the different funding sources identifiable in the Liabilities of the Balance sheet (net capital, Funds for risks and charges, debts) and the copyright management. The financial incomes deriving from the copyright management are characterized by the natural distinction between the collections and the distribution (the incoming flows deriving from the collecting anticipate the outgoing ones in favor of the Associates), whose frequency and distribution rules are determined by the Associates each year through the specific decrees approved by the Section Committees (respecting the content of the Legislative Decree 35/2017).

The financial incomes, along with what happens for the majority of the other Collective Management Organizations, concur at the coverage of the management operating costs. SIAE allocated shares are withdrawn from the achieved incomes of the copyright holders. The invoiced amounts based on the granted licenses, but not cashed, do not origin any deduction because of the fact that the intermediation service is realized when the amounts are collected. The commission is destined to the remuneration of the sustained operating costs after the deduction of the complementary and ancillary revenues.

36 TRANSPARENCY REPORT 2017

b) Financial information regarding the cost of rights management and other services provided by the Company to the right-holders

In compliance with the Legislative Decree 35/2017, attached art. 28 subparagraph 2, Income Statements are presented as follows: 1. Income Statement with a distinction between the Authors management and the other SIAE’s managements (point 2, letter b 2) e 3)). 2. Authors Income Statement with a division for category of rights (point 2, letter b 1)) and a division for the operating costs of each category and the indication of the resources that contribute with the costs coverage.

The withheld allocated shares made from the collections and the financial incomes attributed to the category contribute to the net operating costs coverage (operating costs minus ancillary revenues).

In the order:

1. Income Statement with a distinction between the Authors management and the other SIAE’s managements (point 2, letter b 2) e 3)).

SEPARATE INCOME STATEMENT 2017 AUTHORS OTHER SIAE MANAGEMENTS TOTAL SIAE COLLECTIONS 618.393.782 = 618.393.782

OPERATING COSTS Staff 60.746.078 17.016.041 77.762.119 Agents 31.336.074 10.943.265 42.279.339 Management and functioning costs 32.123.021 25.017.656 57.140.677 Information technology services 5.944.456 1.478.973 7.423.429 Amortizations and devaluations 7.371.017 985.336 8.356.353 Taxes and fees 203.474 546.024 749.498 TOTAL COSTS 137.724.120 55.987.295 193.711.415 Revenues for ancillary services 30.087.192 55.295.334 85.382.526 NET OPERATING COSTS 107.636.928 691.961 108.328.889

Allocated shares on collections 94.660.245 94.660.245

Financial revenues 16.271.717 1.353.526 17.625.243

RESULT OF THE ACCOUNTING PERIOD 3.295.034 661.565 3.956.599

The report highlights the economic-financial independence of the two managements of SIAE in terms of capacity to remunerate all the factors of production through the generated revenues and the participation, limited to the Authors management, of the associates and the principals in terms of commissions withheld from the collections.

2. Authors Income Statement with a division for category of rights (point 2, letter b 1))

As known, SIAE is a generalist Company in the sense that through the Sections it administers each kind of creative expression in the music, cinema, theatre, lyric, literary works and visual art businesses.

MUSIC administers public performance rights, reproduction rights, communication, registration, digital reproduction, multimedia, private copy (authors share). Along with the repertory management, it collects the related rights and the various bodies’ membership fees.

CINEMA administers the private copying levy connected to the utilization of the cinematographic works. It performs services regarding the collection of films’ and haunts’ insurance shares, the public cinematographic register, etc.

DOR – LYRIC administers theatrical and lyrical works performing rights, reproduction rights, communication, digital reproduction, multimedia, private copy (authors share). It performs equipment rental services and critical editions.

OLAF administers the literary works and the visual art, in particular: act in public rights, publishing, visual arts reproduction, resale right, lending, reproduction rights, communication, digital reproduction, reprography, multimedia, private copy (authors share). It performs unpublished works registration services and frontispiece marking.

With the afore-mentioned criteria were elaborated the Income Statements related to each repertory presented in this document.

For each repertory, are identified the following categories and typologies.

38 TRANSPARENCY REPORT 2017

REPERTORY CATEGORY TYPOLOGY Music Performing rights Live & background Broadcasting Sound films Multimedia Abroad

Reproduction rights Reproduction Broadcasting Multimedia Abroad Other: private copy, etc. Cinema Audiovisual works Broadcasting Reproduction Multimedia Abroad Other: private copy, etc. Dor-Lyric Lyrical works Representation Reproduction Broadcasting Multimedia Abroad Other: private copy, rental, etc.

Theatrical works Representation Reproduction Broadcasting Multimedia Abroad Other: private copy, etc. Olaf Literary works Acting Rental Reprography Reproduction Broadcasting Multimedia Abroad Other: private copy, etc.

Visual Art Reproduction Broadcasting Multimedia Abroad Resale Right Other: private copy, etc.

For each category and typology, is produced the following standard Income Statement, given below as an example: Type of use Total category A B C Repertory COLLECTIONS

OPERATING COSTS Staff Agents Management and functioning costs Amortizations and devaluations Taxes and fees

OTHER REVENUES AND INCOMES Revenues for ancillary services

NET OPERATING COSTS

FINANCIAL REVENUES

RESULT OF THE AUTHORAL MANAGEMENT ANCILLARY SERVICES BALANCE REPERTORY TOTAL RESULT

The economic data are produced by the analytical accounting system used by SIAE for many years now. The economic data structuring consents to survey collections, revenues and costs directly on the responsibility centers, on working processes and types, categories and managed repertory. The whole data referred to the copyright constitutes the Authors Income Statement. Things are done similarly for the detection of the other SIAE managements. The allocation process detects the costs of the different organizational structures, while the accounting segregation cycles at first direct the data on each specific working process and then on the repertory/category and typology. This separation represents an additional management information. The defined working processes are: 1. Licensing e collecting 2. Processing and distribution 3. Staff 4. Governance

The costs allocation of the licensing and collecting process to repertories/categories/typologies follows the course underneath:

40 TRANSPARENCY REPORT 2017

- The costs related to the territorial network are ascribed basing on a detection of the activities used for the different businesses. The detection evaluates the documents issued by each structure, their volume and the specific processing times. This way, the single operational structure activities are measured (agencies, market control and development, debts collection) and that therefore contribute in the stabilization of the importance to assign to the specific repertory/category and typology. The importance level is also used to ascribe the costs of the other network agencies (territorial and central). - The costs of the Agents are mostly referred to the rights collection process and are directly ascribed to a repertory/category and typology as a derivation of the collections. However, a part of it is ascribed to the working process in proportion to the activity dedicated to the musical programs; this portion is a percentage that is transferred from a process to another. - The costs related to the central business structures are detected referring to a single cost center of the operative units (sections, etc.) and at the same time on an object that identifies the process/business. The importance of the operative units on the different categories and types of right is used to impute the costs of other sectional and divisional agencies.

The attribution of processing and distribution costs is mostly referred to the central business structures and is ascribed to a specific cost center and to an object that identifies the process and the repertory/category and typology. The importance of the operative units is used to ascribe the costs of other sectional and divisional agencies.

The cost related to the staff process is fed by all the charges detected on the cost centers of the structures which offer services within the business (Staff, Management, Purchases and Logistic, Information Technology, etc.), and are ascribed to the repertory/category and typology basing on the entity of the staff cost overall detected for the collecting and processing process (cost to cost in the line “Staff”).

The governance process detects the costs on the cost centers of the structures related to the social bodies, Directorate General and assistance offices as well as those assigned on orders on which the general business expenses converge (Income taxes, strategic management costs, etc.). These costs are addressed on repertory/category and typology basing on the turnover.

Resources used for the costs coverage (point 2, letter b) 4))

The revenues deriving from ancillary activities linked to the author business concur, with a downward modification of the operating costs, to the Income Statement of the repertory/category and typology, and are attributed in accordance with their complementarity with the collection (for instance: the administrative charges, the sanctions and the penalties follow the collection item they are invoiced with, while the membership fees are assigned basing on the associates of the single sections, etc.).

The financial incomes are ascribed in terms of category and repertory. The imputation is made according to the capacity of each category to produce financial sources (Reserves, Funds, debts net of credits). The financial incomes concur at the coverage of the net operating costs.

Amounts withheld for social, cultural and educational services (point 2, letter b) 5)) SIAE, within the Music repertory, operates a deduction equal to 5% on the incomes deriving from musical performance rights to destine in favor of the SIAE associates whose works are assigned to the Music Division. The retention is made respecting what is disciplined by the contracts of mutual representation with the foreign Author Companies, or by other contracts with bodies that represent the right-holders; the corresponding amounts are only used for welfare and encouragement of national art finalities. On December 31, 2017, the Fund amounts at about 33 millions of euros to use.

42 TRANSPARENCY REPORT 2017

Deductions made on the collections (point 2, letter b) 6)) The deductions made on the collections (allocated shares) during the accounting period are reported in the following table:

2017 - SIAE ALLOCATED SHARES MUSIC Musical performance rights Mechanical reproduction rights -Public performances, live and recorded, in the context of 20,8% -Video reproduction (all channels General Permission, work by work licences) 18,0% dancings, entertainments and small concerts -Use of the soundtracks of film, short films, etc. in movie theatres 20,8% -Recording by radio and tv broadcasters 12,7%

- Broadcast of tv series, films, short films, etc. soundtracks by radio -Video-musical reproduction (all channels General Permission, work by work 12,7% 9,325% and tv broadcasters licences) -Reproduction on supports sold at a reduced price or distributed for free, for -Broadcast and recording by radio and tv broadcasters 12,7% 9,325% promotional campaigns, etc. -Broadcast in public establishments with radio, tv and cable radio 22,0% -Phono reproduction (ordinary channels General Permission) 7,325%

-Public performances, as concerts, magazines, bands and theatre -Phono reproduction (Centralized licences for ordinary channels General 20,8% 7,025% variety Permission) -Phono reproduction (General Permission editorial joint-offers, work by work -Megaconcerts (collection > € 30.000) 7,0% 10,0% licences) -Background music - Radio in Store 22,0% -Utilizations abroad 3,0% -Utilizations abroad 3,0% -Phono reproduction for DJ professional use 14,0% -Online broadcast (streaming, webcasting, etc.) 10,0% DOR - LYRIC Lyric - Ballet Theatre -Original works performance or representation 8,0% -Original works representation 12,0% -Elaborated works performance or representation 22,0% -Elaborated works representation 22,0% -Broadcast and recording by radio and tv broadcasters 14,0% -Broadcast and recording by radio and tv broadcasters 14,0% -Broadcast in public establishments with radio, tv and cable radio 22,0% -Broadcast in public establishments with radio, tv and cable radio 22,0% -Online broadcast (streaming, webcasting, etc.) 10,0% -Online broadcast (streaming, webcasting, etc.) 10,0% -Utilizations abroad 3,0% -Utilizations abroad 3,0% -Audio reproduction 10,0% -Audio reproduction 10,0% -Video reproduction 18,0% -Video reproduction 18,0% OLAF Literary works Visual art -Broadcast by radio and tv broadcasters 14,0% -Broadcast by radio and tv broadcasters 14,0% -Broadcast in public establishments with radio, tv and cable radio 22,0% -Broadcast in public establishments with radio, tv and cable radio 22,0%

-Visual art works reproduction (pictures, sculptures, graphic works and - Reading and acting in public of literary works 8,0% 12,5% photographies) - Lending provided by public libraries 7,5% - Resale right (sales of works, subsequent to the first) 17,0% -Reprography (reproduction, for personal use within the 15% of 20,0% -Online broadcast (streaming, webcasting, etc.) 10,0% the volume) -Online broadcast (streaming, webcasting, etc.) 10,0% -Utilizations abroad 3,0% -Utilizations abroad 3,0% -Video reproduction 18,0% -Audio reproduction 10,0% -Video reproduction 18,0% -Publishing rights 3,0% CINEMA Audiovisual works - Private copying levy for television broadcasting of audiovisual 11,0% works - Private copying levy for video reproduction of audiovisual works 18,0% -Online broadcast (streaming, webcasting, etc.) 10,0% -Utilizations abroad 3,0%

c) Financial information regarding the amounts due to the right-holders

The financial flows of the amounts destined to the distribution are structured as follows:

Flows to be allocated at January 1, 2017 848.304.407 Advances at January 1, 2017 (72.316.027) Fund for Music prepayments devaluations 295.947 Total at January 1, 2017 776.284.327 Net collections 2017 523.151.455 Amounts distributed in 2017 (556.567.262) Total at December 31, 2017 742.868.520 Flows to be allocated at December 31, 2017 825.317.951 Advances at December 31, 2017 (82.715.607) Fund for Music prepayments devaluations 266.176 Total at December 31, 2017 742.868.520

It should be pointed out that SIAE, compared to 2016, has improved the liquidation of rights of 40,5 millions of euros.

Relationships with other foreign Collective Management Organizations (point 2, letter d))

The 2017 Balance of Payments to and from abroad, points out a negative balance equal to € 71.164.585.

ABROAD - Collections and Payments Collections Payments Balance CINEMA 2.231.512 (9.281.294) (7.049.782) DOR 1.211.454 (424.451) 787.003 LYRIC 74.842 (691.996) (617.154) OLAF 2.033.084 (2.307.407) (274.324) MUSIC 21.613.115 (85.757.961) (64.144.846) DIRECT MANAGEMENTS 134.518 134.518 Total 27.298.524 (98.463.109) (71.164.585)

This is due to collections (net of the “commissions” withheld by the foreign companies) of € 27.298.524 which resulted much lower than the amount distributed to other foreign Collective Management Organizations.

44 TRANSPARENCY REPORT 2017

The Sections/Divisions movements from and to foreign countries are represented below.

Lyric 692 Olaf 2.307 Dor 424

SIAE Cinema € 98.463 9.281

PAYMENTS ABROAD

Music 85.758 amounts expressed in thousands of euros

Lyric Direct Managements 75 Olaf 135 SIAE Dor 2.033 1.211 € 27.299

Cinema 2.232

COLLECTIONS from ABROAD

Music 21.613

amounts expressed in thousands of euros

It is pointed out that each collecting company transfers the rights net of its allocated shares. On the collections coming from abroad, SIAE restrains a commission equal to 3%. More details can be found in the Annex to the document. *** For a better exposure, the data regarding repertories, categories and economic typologies (Annex art. 28, subparagraph 2, p.2 b), the information regarding the distribution of the rights (Annex art. 28, subparagraph 2, p.2 c), and the relationships with other Collective Management Organizations (Annex art. 28, subparagraph 2, p.2 d), are reported in different chapters structured basing on the repertory. Details regarding the balance of payments of each repertory are reported in the Appendix (Attachment 1).

It is pointed out that the implementation of the Directive during the 2017 accounting period has made impossible to expose some specific data provided for in p. c) 4 and 5 (the indication of the accounting period in which the collection of the not attributed and not distributed rights took place). Similar information will be available starting from the next accounting period, with effects from 2017 onwards. Similarly, what is provided for in points 6 and 7 will only be implemented in the future accounting periods starting from 2018 onwards.

In particular, for a better comprehension of the data reported in the following tables made for each repertory, see the logical scheme referred to the rights workflows set out in letter c). Rights processing flow 80

0 Collection net Cultural Previous Amounts to be Not allocated Allocated Not Distributed Initial Not paid Paid of the promotion amount allocated distributed residuals allocated activity shares deductions (5%) ***********

Transparency Report was drafted, in each significant aspect, according to the dispositions set out in the Legislative Decree no. 35 of March 15, 2017. The President

MUSIC REPERTORY

SIAE - Società Italiana degli Autori ed Editori Viale della Letteratura, 30 — 00144 Roma, Italia www.siae.it

Collections 2017

Deductions for Collections to Musical performing rights Gross collections Allocated shares % B/A cultural promotion allocate (A-B) activities

AB C Radio 12.400.343 1.574.661 12,7% 527.464 10.298.218 Television 77.883.244 9.889.353 12,7% 3.410.402 64.583.489 Satellite 13.678.323 1.729.491 12,6% 586.941 11.361.891 Music film 13.194.745 2.744.494 20,8% 522.513 9.927.738 Live music 144.732.957 28.820.307 19,9% 5.795.632 110.117.018 Mus. Mechanical instrument i. Discotheques 38.098.366 7.924.364 20,8% 1.508.700 28.665.302 Mus. Mechanical instrument ii. Other 82.645.626 18.002.840 21,8% 3.232.139 61.410.647 Online multimedia 16.518.310 1.651.818 10,0% 550.299 14.316.193 Total 399.151.914 72.337.328 18,1% 16.134.090 310.680.496

Deductions for Collections to Mechanical reproduction rights Gross collections Allocated shares % B/A cultural promotion allocate (A-B) activities

AB C Radio 1.055.613 134.063 12,7% - 921.550 Television 11.420.720 1.450.399 12,7% - 9.970.321 Phonographic market i. National 12.007.594 1.077.669 9,0% - 10.929.925 Phonographic market ii. Centralized licenses 3.082.618 216.554 7,0% - 2.866.064 Videographic market i. National 1.063.561 191.436 18,0% - 872.125 Synchronisation rights - - 0,0% - - Private Copy i. Audio 25.732.532 771.976 3,0% - 24.960.556 Private Copy ii. Video 2.747.801 82.434 3,0% - 2.665.367 Online Multimedia 1.899.725 189.971 10,0% - 1.709.754 Mobile Multimedia 201.168 20.116 10,0% - 181.052 Total 59.211.332 4.134.618 7,0% - 55.076.714

Deductions for Collections to COLLECTIONS FROM SISTER COMPANIES Gross collections Allocated shares % B/A cultural promotion allocate (A-B) activities

AB C Musical repertory - musical performing rights 17.649.238 529.476 3,0% 855.988 16.263.774 Musical repertory - mechanical reproduction rights 3.963.877 118.915 3,0% - 3.844.962 Total 21.613.115 648.391 3,0% 855.988 20.108.736 TOTAL 479.976.361 77.120.337 16,1% 16.990.078 385.865.946

48 TRANSPARENCY REPORT 2017

Workflows (ex Att. art. 28 lett. c) pts 1,3,4,5)

Music Amount destined Collected and not Frequency of Category name Attributed Not distributed Distributed to be allocated attributed distribution* Musical performance - current 201.766.123 201.517.831 248.292 248.292 S Broadcasting - current 121.073.843 116.085.660 4.988.183 4.988.183 S - A Mechanical reproduction rights - current 14.668.114 13.864.408 803.706 803.706 S Private copy - current 27.625.923 27.625.923 - - S Abroad - current 20.964.724 14.554.200 6.410.523 6.410.523 S Multimedia - current 16.757.297 13.818.580 2.938.717 2.938.717 S - Q Previous amount Music 635.811.922 107.820.336 527.991.585 105.445.713 422.545.873 S - Q Total 1.038.667.946 495.286.939 543.381.007 105.445.713 437.935.294

(*) A - Annual, S - Semiannual, F - Four-monthly, Q - Quarterly, B - Bimestrial, M - Monthly

Financial Flow (ex Att. art. 28 lett. c) pt 2)

Distributed Initial residue Total distributed Paid Final debt 437.935.294 (54.711.880) 383.223.413 450.384.430 (67.161.016)

Financial flow 500.000.000 437.935.294 (54,711,880) 400.000.000 383.223.413 450,384,430

300.000.000

200.000.000

100.000.000

(67,161,016) 0 Distributed Initial amount Total distributed Paid Final debt/(credit) -100.000.000

Detail of collected and not attributed rights (ex Att. art. 28 lett. c) pt 4)

Audiovisual works Accounting periods in which these rights were collected and not attributed Total amount collected and Category name Previous accounting periods 2017 not attributed yet Musical performance - current - 201.517.831 201.517.831 Broadcasting - current - 116.085.660 116.085.660 Mechanical reproduction rights - current - 13.864.408 13.864.408 Private copy - current - 27.625.923 27.625.923 Abroad - current - 14.554.200 14.554.200 Multimedia - current - 13.818.580 13.818.580 Previous amount Music 107.820.336 - 107.820.336 Total 107.820.336 387.466.603 495.286.939 Detail of attributed and not distributed rights (ex Att. art. 28 lett. c) pt 5)

Audiovisual works Accounting periods in which these rights were attributed and not distributed Total amount attributed and Category Name Previous accounting periods 2017 not distributed yet Musical performance - - - Broadcasting - - - Mechanical reproduction rights - - - Multimedia - - - Abroad - - - Private copy - - - Previous amount Music 105.445.713 - 105.445.713 Total 105.445.713 - 105.445.713

Amounts received and payed to other Collective Management Organizations (ex Att. art. 28 lett. d))

Music Collections from other Collective management Organizations Payments to other Collective management Organizations Category name Amounts received Management costs Other deductions Amounts distributed Amounts paid Allocated shares Other deductions Mechanical performing 17.649.238 529.476 855.988 101.672 81.747.449 19.046.344 4.302.497 rights Mechanical reproduction 3.963.877 118.915 - 55.094 4.010.512 301.070 - rights Other types of rights ------Total 21.613.115 648.391 855.988 156.766 85.757.961 19.347.414 4.302.497

50 TRANSPARENCY REPORT 2017

Financial information regarding the incomes and the costs related to the rights management (ex Att. art. 28 c.2 lett. a) e b)) Type of use Total category Musical performance PERFORMING Live & Broadcasting Multimedia Abroad Sound films* RIGHTS Background* COLLECTIONS 265.476.949 13.194.745 103.961.910 16.518.310 17.649.238 416.801.152

OPERATING COSTS 78.668.920 5.387.160 13.042.660 3.054.042 1.511.710 101.664.492 Staff 33.415.071 2.442.321 5.293.102 1.362.525 644.442 43.157.461 Agents 22.662.151 1.151.723 2.618.931 110 35 26.432.950 Management and functioning costs 18.499.077 1.476.613 4.385.180 1.288.560 763.532 26.412.962 Amortizations and devaluations 4.010.278 311.987 702.260 397.193 97.661 5.519.378 Taxes and fees 82.343 4.516 43.187 5.653 6.041 141.740

OTHER REVENUES AND INCOMES 15.507.558 722.749 2.601.150 281.079 134.103 19.246.639 Revenues for ancillary services 15.507.558 722.749 2.601.150 281.079 134.103 19.246.639

NET OPERATING COSTS 63.161.362 4.664.411 10.441.510 2.772.963 1.377.607 82.417.853

FINANCIAL REVENUES 10.916.604

PERFORMING RIGHTS AUTHORAL MANAGEMENT RESULT 779.925

Type of use Total category REPRODUCTION Reproduction Broadcasting Multimedia Private Copy Abroad RIGHTS COLLECTIONS 16.153.773 12.476.333 2.100.893 28.480.333 3.963.877 63.175.209

OPERATING COSTS 3.026.419 1.565.233 388.430 1.053.430 339.518 6.373.030 Staff 1.757.060 635.218 173.294 539.186 144.737 3.249.494 Agents 36.692 314.294 14 57 8 351.066 Management and functioning costs 1.073.097 526.260 163.886 412.014 171.483 2.346.739 Amortizations and devaluations 154.028 84.277 50.517 102.173 21.934 412.930 Taxes and fees 5.543 5.183 719 0 1.357 12.801

OTHER REVENUES AND INCOMES 357.380 312.161 35.749 120.378 30.119 855.787 Revenues for ancillary services 357.380 312.161 35.749 120.378 30.119 855.787

NET OPERATING COSTS 2.669.039 1.253.072 352.681 933.052 309.399 5.517.243

FINANCIAL REVENUES 745.530

REPRODUCTION RIGHTS AUTHORAL MANAGEMENT RESULT 67.538

AUTHORAL MANAGEMENT TOTAL RESULT 847.462 ANCILLARY SERVICES BALANCE 1.087.320 MUSIC REPERTORY TOTAL RESULT 1.934.783

CINEMA REPERTORY

SIAE - Società Italiana degli Autori ed Editori Viale della Letteratura, 30 — 00144 Roma, Italia www.siae.it

Collections 2017

Collections to Audiovisual works Gross collections Allocated shares % B/A allocate (A-B) ABC Television 28.983.077 3.275.315 11,3% 25.707.762 Satellite 6.101.243 719.204 11,8% 5.382.039 Private Copy 10.236.081 716.526 7,0% 9.519.555 Other (DVD) 1.189.099 214.029 18,0% 975.070 Other (Multimedia other utilizations) 1.658.613 165.861 10,0% 1.492.752 Total 48.168.113 5.090.935 10,6% 43.077.178

Collections to COLLECTIONS FROM SISTER COMPANIES Gross collections Allocated shares % B/A allocate (A-B) ABC Audiovisual repertory 2.231.512 66.945 3,0% 2.164.567 Total 2.231.512 66.945 3,0% 2.164.567 TOTAL 50.399.625 5.157.880 10,2% 45.241.745

Workflows (ex Att. art. 28 lett. c) pts 1,3,4,5)

Audiovisual works Amount destined Collected and not Frequency of Category name Attributed Not distributed Distributed to be allocated attributed distribution* Abroad 4.956.643 1.584.317 3.372.326 320.583 3.051.742 S Broadcasting 91.562.712 39.792.118 51.770.593 26.568.104 25.202.490 S Mechanical reproduction rights 3.162.566 899.007 2.263.559 1.121.788 1.141.772 S Private Copy 26.787.558 14.802.310 11.985.248 8.769.124 3.216.123 S Multimedia 3.753.573 3.415.263 338.310 89.204 249.105 S Previous amount Cinema 13.489.949 11.209.413 2.280.536 - 2.280.536 - Total 143.713.001 71.702.429 72.010.572 36.868.803 35.141.769

(*) A - Annual, S - Semiannual, F - Four-monthly, Q - Quarterly, B - Bimestrial, M - Monthly

Financial Flow (ex Att. art. 28 lett. c) pt 2)

Distributed Initial residue Total distributed Paid Final debt 35.141.769 3.470.574 38.612.343 35.121.928 3.490.415

Financial Flow 45.000.000 35.121.928 40.000.000 3.470.574 38.612.343 35.141.769 35.000.000

30.000.000

25.000.000

20.000.000

15.000.000

10.000.000 3.490.415 5.000.000

0 Distributed Initial amount Total distributed Paid Final debt/(credit)

Detail of collected and not attributed rights (ex Att. art. 28 lett. c) pt 4)

Audiovisual works Accounting periods in which these rights were collected and not attributed Total amount collected and Category name Previous accounting periods 2017 not attributed yet Abroad 3.054 1.581.263 1.584.317 Broadcasting 9.540.213 30.251.906 39.792.119 Mechanical reproduction rights 370.049 528.958 899.007 Private Copy 5.282.754 9.519.556 14.802.310 Multimedia 1.922.511 1.492.752 3.415.263 Previous amount Cinema 11.209.413 - 11.209.413 Total 28.327.994 43.374.435 71.702.428

Detail of attributed and not distributed rights (ex Att. art. 28 lett. c) pt 5)

Audiovisual works Accounting periods in which these rights were attributed and not distributed Total amount attributed and Category Name Previous accounting periods 2017 not distributed yet Abroad 298.446 22.137 320.583 Broadcasting 25.667.313 900.791 26.568.104 Mechanical reproduction rights 1.104.137 17.651 1.121.788 Private Copy 8.769.124 - 8.769.124 Multimedia 89.204 - 89.204 Previous amount Cinema - - - Total 35.928.225 940.579 36.868.803

Amounts received and payed to other Collective Management Organizations (ex Att. art. 28 lett. d))

Audiovisual works Collections from other Collective management Organizations Payments to other Collective management Organizations Category name Amounts received Management costs Other deductions Amounts distributed Amounts paid Allocated shares Other deductions Mechanical performing 1.959.611 58.788 - 1.900.823 7.274.443 936.847 - rights Mechanical reproduction 271.901 8.157 - 263.744 2.006.851 264.643 - rights Other types of rights ------Total 2.231.512 66.945 - 2.164.567 9.281.294 1.201.490 -

Financial information regarding the incomes and the costs related to the rights management (ex Att. art. 28 c.2 lett. a) e b))

Type of use Total category AUDIOVISUAL Broadcasting Reproduction Multimedia Abroad Private Copy WORKS COLLECTIONS 35.084.319 1.189.099 1.658.613 2.231.512 10.236.081 50.399.625

OPERATING COSTS 1.312.138 520.023 860.114 832.665 488.867 4.013.807 Staff 443.286 319.674 474.848 427.966 272.003 1.937.777 Agents 704 38 29 12 104 887 Management and functioning costs 806.018 169.152 298.097 364.315 188.628 1.826.209 Amortizations and devaluations 50.122 30.753 86.571 39.610 28.132 235.188 Taxes and fees 12.008 407 568 764 0 13.746

OTHER REVENUES AND INCOMES 1.370.584 112.649 103.411 85.395 101.054 1.773.092 Revenues for ancillary services 1.370.584 112.649 103.411 85.395 101.054 1.773.092

NET OPERATING COSTS (58.446) 407.374 756.703 747.271 387.813 2.240.715

FINANCIAL REVENUES 2.012.586

AUDIOVISUAL WORKS AUTHORAL MANAGEMENT RESULT 4.929.750 ANCILLARY SERVICES BALANCE (731.414) CINEMA REPERTORY TOTAL RESULT 4.198.337

DOR-LYRIC REPERTORY

SIAE - Società Italiana degli Autori ed Editori Viale della Letteratura, 30 — 00144 Roma, Italia www.siae.it

Collections 2017

Collections to THEATRICAL AND LYRICAL WORKS Gross collections Allocated shares % B/A allocate (A-B) ABC Theatre 24.004.212 2.908.239 12,1% 21.095.973 Radio 4.823.762 675.327 14,0% 4.148.435 Television 11.872.551 1.662.156 14,0% 10.210.395 Satellite 11.881 1.663 14,0% 10.218 Public establishments DOR - - - - Other (Multimedia other utilizations) 20.526.492 4.515.542 22,0% 16.010.950 Mechanical reproduction rights 218.408 36.119 16,5% 182.289 Private Copy 4.728.910 140.664 3,0% 4.588.246 Public establishments Lyric - - - - Rental and critical editions 625.375 43.293 0 582.082 Total 66.811.591 9.983.003 14,9% 56.828.588

Collections to COLLECTIONS FROM SISTER SOCIETIES Gross collections Allocated shares % B/A allocate (A-B) ABC Theatrical repertory 1.341.579 40.247 3,0% 1.301.332 Lyrical repertory 74.842 2.245 3,0% 72.597 Total 1.416.421 42.492 3,0% 1.373.929

TOTAL 68.228.012 10.025.495 14,7% 58.202.517

60 TRANSPARENCY REPORT 2017

Workflows (ex Att. art. 28 lett. c) pts 1,3,4,5)

Dor Amount destined Collected and not Frequency of Category name Attributed Not distributed Distributed to be allocated attributed distribution* Theatrical representation 26.475.501 6.750.500 19.725.001 2.386.766 17.338.235 Q Broadcasting 61.458.663 33.646.879 27.811.784 399.207 27.412.577 M - Q - A Mechanical reproduction rights 304.137 90.231 213.906 20.076 193.830 Q Private Copy 2.858.563 971.078 1.887.486 - 1.887.486 A Abroad 2.379.291 662.865 1.716.426 46.063 1.670.363 Q Multimedia 32.441 3.058 29.383 - 29.383 Q Previous amount Dor 4.443.920 4.302.049 141.871 - 141.871 - Total 97.952.516 46.426.660 51.525.857 2.852.112 48.673.744

Lyric Amount destined Collected and not Frequency of Category name Attributed Not distributed Distributed to be allocated attributed distribution* Theatrical representation 5.540.003 1.203.740 4.336.263 521.774 3.814.489 F Broadcasting 5.822.218 2.783.032 3.039.186 57.932 2.981.254 F - A Mechanical reproduction rights 110.048 33.832 76.216 4.084 72.132 F Private Copy 1.747.894 999.177 748.717 - 748.717 A Abroad 139.143 66.985 72.158 21.174 50.984 F Rental and critical editions 786.075 287.089 498.986 498.986 F Previous amount Lyric 1.272.404 1.298.929 (26.524) - (26.524) - Total 15.417.786 6.672.784 8.745.002 604.964 8.140.037

Total 113.370.302 53.099.444 60.270.858 3.457.076 56.813.782

(*) A - Annual, S - Semiannual, F - Four-monthly, Q - Quarterly, B - Bimestrial, M - Monthly

Financial Flow (ex Att. art. 28 lett. c) pt 2)

Repertory Distributed Initial residue Total distributed Paid Final debt Dor 48.673.745 2.126.790 50.800.534 48.116.770 2.683.764 Lyric 8.140.037 373.754 8.513.791 8.111.623 402.168 Total Dor-Lyric 56.813.782 2.500.544 59.314.325 56.228.392 3.085.933

Financial flow - Dor 60.000.000 2.126.790 50.800.534 48.673.745 48.116.770 50.000.000

40.000.000

30.000.000

20.000.000

10.000.000 2.683.764 0 Distributed Initial amount Total distributed Paid Final debt/(credit)

Financial flow - Lyric

9.000.000 373.754 8.513.791 8.111.623 8.140.037 8.000.000

7.000.000

6.000.000

5.000.000

4.000.000

3.000.000

2.000.000

1.000.000 402.168 0 Distributed Initial amount Total distributed Paid Final debt/(credit)

62 TRANSPARENCY REPORT 2017

Detail of collected and not attributed rights (ex Att. art. 28 lett. c) pt 4)

Dor Accounting periods in which these rights were collected and not attributed Total amount collected and Category name Previous accounting periods 2017 not attributed yet Theatrical representation - 6.750.500 6.750.500 Broadcasting 14.667.658 18.979.221 33.646.879 Mechanical reproduction rights 982 89.249 90.231 Private Copy 194.869 776.209 971.078 Abroad 6.771 656.094 662.865 Multimedia 1.488 1.569 3.058 Previous amount Dor 4.302.049 - 4.302.049 Total 19.173.818 27.252.842 46.426.660

Lyric Accounting periods in which these rights were collected and not attributed Total amount collected and Category name Previous accounting periods 2017 not attributed yet Theatrical representation - 1.203.740 1.203.740 Broadcasting 355.525 2.427.507 2.783.032 Mechanical reproduction rights - 33.832 33.832 Private Copy 13.627 985.550 999.177 Abroad - 66.985 66.985 Rental and critical editions - 287.089 287.089 Previous amount Lyric 1.298.929 - 1.298.929 Total 1.668.081 5.004.703 6.672.784

Total 20.841.899 32.257.545 53.099.444

Detail of attributed and not distributed rights (ex Att. art. 28 lett. c) pt 5)

Dor Accounting periods in which these rights were attributed and not distributed Total amount attributed and Category Name Previous accounting periods 2017 not distributed yet Theatrical representation 1.810.121 576.645 2.386.766 Broadcasting 363.087 36.120 399.207 Mechanical reproduction rights 20.076 - 20.076 Private Copy - - - Abroad 44.445 1.618 46.063 Multimedia - - - Musical execution - - - Previous amount Dor - - - Total 2.237.729 614.383 2.852.112

Lyric Accounting periods in which these rights were attributed and not distributed Total amount attributed and Category Name Previous accounting periods 2017 not distributed yet Theatrical representation 413.900 107.874 521.774 Broadcasting 57.932 - 57.932 Mechanical reproduction rights 4.084 - 4.084 Private Copy - - - Abroad 21.174 - 21.174 Previous amount Lyric - - - Total 497.090 107.874 604.964

Total 2.734.819 722.257 3.457.076 Amounts received and payed to other Collective Management Organizations (ex Att. art. 28 lett. d))

Dor* Collections from other Collective management Organizations Payments to other Collective management Organizations Category name Amounts received Management costs Other deductions Amounts distributed Amounts paid Allocated shares Other deductions Mechanical performing rights 1.157.747 34.732 - - 422.878 53.919 - Mechanical reproduction rights 53.707 1.611 - - 1.573 - - Other types of rights ------Total 1.211.454 36.344 - - 424.451 53.919 -

Lyric Collections from other Collective management Organizations Payments to other Collective management Organizations Category name Amounts received Management costs Other deductions Amounts distributed Amounts paid Allocated shares Other deductions Mechanical performing rights 74.842 2.245 - - 691.996 51.920 - Mechanical reproduction rights ------Other types of rights ------Total 74.842 2.245 - - 691.996 51.920 - *The total amount of the sums received does not encompass the collections from the direct management foreign users (equal to 130.125 euros)

64 TRANSPARENCY REPORT 2017

Financial information regarding the incomes and the costs related to the rights management (ex Att. art. 28 c.2 lett. a) e b)) Type of use Total category Representation Broadcasting Reproduction Multimedia Abroad Private Copy LYRICAL WORKS COLLECTIONS 4.007.206 3.330.037 49.687 0 74.842 1.786.663 9.248.435

OPERATING COSTS 1.005.760 713.639 237.127 173 361.248 9.041 2.326.989 Staff 607.077 334.276 155.654 1 162.389 3.422 1.262.818 Agents 44.761 157.391 1 1 0 4 202.157 Management and functioning costs 298.488 187.302 67.861 152 185.197 5.239 744.240 Amortizations and devaluations 54.063 33.531 13.597 19 13.636 375 115.221 Taxes and fees 1.371 1.140 15 0 26 0 2.552

OTHER REVENUES AND INCOMES 105.915 119.284 20.030 486 21.365 2.861 269.942 Revenues for ancillary services 105.915 119.284 20.030 486 21.365 2.861 269.942

NET OPERATING COSTS 899.845 594.356 217.097 (314) 339.883 6.180 2.057.047

FINANCIAL REVENUES 167.275

LYRICAL WORKS AUTHORAL MANAGEMENT RESULT (812.136)

Type of use Total category Representation Broadcasting Reproduction Multimedia Abroad Private Copy THEATRICAL WORKS COLLECTIONS 19.997.006 33.902.256 169.369 1.744 1.341.579 2.942.247 58.354.201

OPERATING COSTS 7.020.180 6.284.829 664.231 18.108 759.920 19.474 14.766.742 Staff 3.955.576 2.385.420 431.796 11.977 398.310 8.685 7.191.764 Agents 795.074 2.141.744 2 0 2 5 2.936.827 Management and functioning costs 1.878.849 1.469.887 190.867 5.041 324.863 9.862 3.879.368 Amortizations and devaluations 383.837 276.175 41.517 1.090 36.286 922 739.826 Taxes and fees 6.844 11.603 50 1 459 0 18.957

OTHER REVENUES AND INCOMES 1.113.262 1.739.018 77.311 2.113 78.357 4.937 3.014.999 Revenues for ancillary services 1.113.262 1.739.018 77.311 2.113 78.357 4.937 3.014.999

NET OPERATING COSTS 5.906.918 4.545.811 586.920 15.995 681.563 14.537 11.751.743

FINANCIAL REVENUES 1.234.315

THEATRICAL WORKS AUTHORAL MANAGEMENT RESULT (1.612.865)

AUTHORAL MANAGEMENT TOTAL RESULT (2.425.001) ANCILLARY SERVICES BALANCE* 21.114 DOR-LYRIC REPERTORY TOTAL RESULT (2.403.886) *The ancillary services balance encompasses Rental and Critical editions (whose 2017 collections amount to 625.375 euros and the connected commissions amount to 43.293 euros).

OLAF REPERTORY

SIAE - Società Italiana degli Autori ed Editori Viale della Letteratura, 30 — 00144 Roma, Italia www.siae.it

Collections 2017

Collections to Literary works Gross collections Allocated shares % B/A allocate (A-B) ABC Public recitation rights 1.413.677 242.986 17,2% 1.170.691 Radio 188.551 26.397 14,0% 162.154 Television 40.745 5.704 14,0% 35.041 Satellite 1.000 140 14,0% 860 Mechanical reproduction rights 61.748 8.445 13,7% 53.303 Reprography 2.628.899 525.779 20,0% 2.103.120 Private copy 2.310.635 69.319 3,0% 2.241.316 Public lending right 1.047.146 78.536 7,5% 968.610 Publishing rights 12.843 385 3,0% 12.458 Online multimedia 2.012 282 14,0% 1.730 Total 7.707.257 957.974 12,4% 6.749.283

Collections to Visual art Gross collections Allocated shares % B/A allocate (A-B) ABC Television 80.000 11.200 14,0% 68.800 Satellite 52.522 7.353 14,0% 45.169 Reproduction rights 577.693 72.212 12,5% 505.481 Resale right 6.729.352 1.159.554 17,2% 5.569.798 Private copy 2.524.484 75.735 3,0% 2.448.750 Offline multimedia 79.950 11.193 14,0% 68.757 Online multimedia 1.052 189 18,0% 863 Total 10.045.053 1.337.436 13,3% 8.707.617

Collections to COLLECTIONS FROM SISTER COMPANIES Gross collections Allocated shares % B/A allocate (A-B) ABC Literary works repertory 399.244 11.978 3,0% 387.267 Visual art repertory 1.638.232 49.147 3,0% 1.589.084 Total 2.037.476 61.125 3,0% 1.976.351

TOTAL 19.789.787 2.356.535 11,9% 17.433.251

68 TRANSPARENCY REPORT 2017

Workflows (ex Att. art. 28 lett. c) pts 1,3,4,5)

Literary works Amount destined Collected and not Frequency of Category name Attributed Not distributed Distributed to be allocated attributed distribution* Reading and acting 1.170.339 246.663 923.676 540.160 383.517 S Broadcasting 4.497.650 1.157.438 3.340.212 2.252.237 1.087.975 S Mechanical reproduction rights 226.719 27.034 199.685 138.753 60.932 S Private copy 2.942.572 1.957.663 984.909 - 984.909 S Abroad 1.274.526 373.630 900.896 241.345 659.551 S Rental right 3.284.935 2.365.301 919.635 - 919.635 S Reprography 12.254.558 2.103.120 10.151.438 8.030.965 2.120.473 S Publishing rights 15.258 479 14.779 - 14.779 S Multimedia 4.134 - 4.134 2.582 1.552 S Previous amount OLAF 3.329.850 2.518.008 811.843 - 811.843 - Total 29.000.541 10.749.334 18.251.207 11.206.042 7.045.165

Visual art Amount destined Collected and not Frequency of Category name Attributed Not distributed Distributed to be allocated attributed distribution* Broadcasting 1.965.511 89.220 1.876.291 1.836.783 39.508 S Mechanical reproduction rights 921.672 241.346 680.327 40.339 639.988 S Private copy 3.582.800 2.235.897 1.346.903 - 1.346.903 S Resale right 12.176.042 3.061.165 9.114.877 3.503.329 5.611.549 S Multimedia 104.194 36.311 67.883 7.792 60.091 S Abroad 3.688.079 498.429 3.189.650 1.633.939 1.555.711 S Total 22.438.298 6.162.367 16.275.931 7.022.181 9.253.749 Total 51.438.839 16.911.701 34.527.138 18.228.223 16.298.914

(*) A - Annual, S - Semiannual, F - Four-monthly, Q - Quarterly, B - Bimestrial, M - Monthly

Financial Flow (ex Att. art. 28 lett. c) pt 2)

Distributed Initial residue Total distributed Paid Final debt 16.298.914 1.772.531 18.071.445 15.331.497 2.739.948

Financial flow 20.000.000 1.772.531 18.071.445 15.331.497 18.000.000 16.298.914 16.000.000 14.000.000 12.000.000 10.000.000 8.000.000 6.000.000 4.000.000 2.739.948 2.000.000 0 Distributed Initial amount Total distributed Paid Final debt/(credit)

Detail of collected and not attributed rights (ex Att. art. 28 lett. c) pt 4)

Literary works Accounting periods in which these rights were collected and not attributed Previous Accounting Total amount collected and Category name 2017 Periods not attributed yet Reading and acting - 246.663 246.663 Broadcasting 331.965 825.473 1.157.438 Mechanical reproduction rights - 27.034 27.034 Private copy 528.881 1.428.782 1.957.663 Abroad - 373.630 373.630 Rental right 1.396.691 968.610 2.365.301 Reprography - 2.103.120 2.103.120 Publishing rights - 479 479 Multimedia - - - Previous amount OLAF 2.518.008 - 2.518.008 Total 4.775.544 5.973.790 10.749.334

Visual art Accounting periods in which these rights were collected and not attributed Previous Accounting Total amount collected and Category name 2017 Periods not attributed yet Broadcasting 38.031 51.189 89.220 Mechanical reproduction rights - 241.346 241.346 Private copy 894.573 1.341.323 2.235.897 Resale right - 3.061.165 3.061.165 Multimedia - 36.311 36.311 Abroad - 498.429 498.429 Total 932.604 5.229.763 6.162.367

Total 5.708.148 11.203.553 16.911.701

70 TRANSPARENCY REPORT 2017

Detail of attributed and not distributed rights (ex Att. art. 28 lett. c) pt 5)

Literary works Accounting periods in which these rights were attributed and not distributed Total amount attributed and Category name Previous accounting periods 2017 not distributed yet Reading and acting 513.277 26.882 540.160 Broadcasting 2.252.237 - 2.252.237 Mechanical reproduction rights 128.485 10.268 138.753 Private copy - - - Abroad 239.815 1.530 241.345 Rental right - - - Reprography 8.030.965 - 8.030.965 Publishing rights - - - Multimedia 2.582 - 2.582 Total 11.167.362 38.680 11.206.042

Visual art Accounting periods in which these rights were attributed and not distributed Total amount attributed and Category name Previous accounting periods 2017 not distributed yet Broadcasting 1.803.111 33.672 1.836.783 Mechanical reproduction rights 40.339 - 40.339 Private copy - - - Resale right 3.283.832 219.496 3.503.329 Multimedia 5.958 1.835 7.792 Abroad 1.618.897 15.042 1.633.939 Total 6.752.137 270.045 7.022.181

Total 17.919.498 308.725 18.228.223 Amounts received and payed to other Collective Management Organizations (ex Att. art. 28 lett. d))

Literary works* Collections from other Collective management Organizations Payments to other Collective management Organizations Category name Amounts received Management costs Other deductions Amounts distributed Amounts paid Allocated shares Other deductions Mechanical reproduction rights ------Other types of rights 398.853 11.966 - - 367.818 105.302 - Total 398.853 11.966 - - 367.818 105.302 -

Visual art* Collections from other Collective management Organizations Payments to other Collective management Organizations Category name Amounts received Management costs Other deductions Amounts distributed Amounts paid Allocated shares Other deductions Mechanical reproduction rights ------Other types of rights 1.634.230 49.027 - - 1.939.589 502.358 - Total 1.634.230 49.027 - - 1.939.589 502.358 - * The total amount of the sums received does not encompass the collections from the direct management foreign users (equal to 391 euros for Literary Works and 4.002 euros for Visual Arts).

Financial information regarding the incomes and the costs related to the rights management (ex Att. art. 28 c.2 lett. a) e b)) Type of use Total category

Acting Rental Reprography Broadcasting Reproduction Multimedia Abroad Private copy LITERARY WORKS

COLLECTIONS 1.413.677 1.047.146 2.628.899 230.296 61.748 2.012 399.244 2.310.635 8.093.657

OPERATING COSTS 451.349 27.269 1.305.745 158.058 19.643 34.124 432.827 14.355 2.443.369 Staff 286.601 5.099 510.338 77.264 12.975 22.749 167.180 6.187 1.088.394 Agents 27.469 9 107.353 36.164 1 2 5 6 171.008 Management and functioning costs 112.517 21.373 638.080 36.880 5.583 9.472 250.866 7.506 1.082.278 Amortizations and devaluations 24.595 429 49.074 7.589 1.063 1.873 14.214 656 99.494 Taxes and fees 166 358 900 161 21 28 561 0 2.195

OTHER REVENUES AND INCOMES 56.117 18.021 158.527 45.221 2.832 4.533 29.838 4.448 319.536 Revenues for ancillary services 56.117 18.021 158.527 45.221 2.832 4.533 29.838 4.448 319.536

NET OPERATING COSTS 395.233 9.247 1.147.217 112.837 16.811 29.591 402.989 9.907 2.123.832

FINANCIAL REVENUES 210.692

LITERARY WORKS AUTHORAL MANAGEMENT RESULT (1.038.556)

Type of use Total category Broadcasting Reproduction Multimedia Abroad Resale right Private copy VISUAL ART COLLECTIONS 132.522 577.693 81.002 1.638.232 6.729.352 2.524.484 11.683.285

OPERATING COSTS 274.674 490.615 848 105.482 1.062.616 15.683 1.949.917 Staff 134.270 382.974 565 40.743 521.849 6.759 1.087.159 Agents 62.846 8 0 1 125.801 7 188.663 Management and functioning costs 64.091 94.931 235 61.137 361.262 8.201 589.858 Amortizations and devaluations 13.187 12.504 47 3.464 51.400 716 81.318 Taxes and fees 280 198 1 137 2.303 0 2.918

OTHER REVENUES AND INCOMES 78.585 23.471 113 7.272 300.332 4.859 414.631 Revenues for ancillary services 78.585 23.471 113 7.272 300.332 4.859 414.631

NET OPERATING COSTS 196.089 467.144 735 98.210 762.283 10.824 1.535.285

FINANCIAL REVENUES 366.677

VISUAL ART AUTHORAL MANAGEMENT RESULT 312.957

AUTHORAL MANAGEMENT TOTAL RESULT (725.600) ANCILLARY SERVICES BALANCE* 291.397 OLAF REPERTORY TOTAL RESULT (434.203) *The ancillary services balance encompasses the Publishing Rights (whose 2017 collections amount to 12.843 euros and the connected commissions amount to 385 euros) related to the Literary Works category

Attachment 1: Relations with other Collective

Management Organizations Directive 2014/26/UE art. 22 – Legislative Decree 35/2017 art.28

SIAE - Società Italiana degli Autori ed Editori Viale della Letteratura, 30 — 00144 Roma, Italia www.siae.it

Music

ACAM - COSTA RICA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -2.721 -634 -143 DRM 0 0 0 Other types of rights Total - ACAM - COSTA RICA 0 0 0 0 -2.721 -634 -143

ACDAM - CUBA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.277 38 62 -30.271 -7.053 -1.593 DRM 0 -1.561 -117 0 Other types of rights Total - ACDAM - CUBA 1.277 38 62 0 -31.832 -7.170 -1.593

ACUM - ISRAEL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 98.048 2.941 4.755 -33.708 -7.854 -1.774 DRM 13.410 402 0 -21.525 -1.616 0 Other types of rights Total - ACUM - ISRAEL 111.458 3.344 4.755 0 -55.234 -9.470 -1.774

ADDAF - BRAZIL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 -516 -39 0 Other types of rights Total - ADDAF - BRAZIL 0 0 0 0 -516 -39 0

AGADU - URUGUAY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 19.161 575 929 -4.385 -1.022 -231 DRM 163 5 0 -296 -22 0 Other types of rights Total - AGADU - URUGUAY 19.324 580 929 0 -4.681 -1.044 -231

AKKA-LAA - LATVIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 21.986 660 1.066 83 -455 -106 -24 DRM 0 0 0 Other types of rights Total - AKKA-LAA - LATVIA 21.986 660 1.066 83 -455 -106 -24

AKM - AUSTRIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 756.365 22.691 36.684 -600.150 -139.829 -31.587 DRM 0 0 0 Other types of rights Total - AKM - AUSTRIA 756.365 22.691 36.684 0 -600.150 -139.829 -31.587

AMCOS - AUSTRALIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 66.455 1.994 0 -13.457 -1.010 0 Other types of rights Total - AMCOS - AUSTRALIA 66.455 1.994 0 0 -13.457 -1.010 0

74 TRANSPARENCY REPORT 2017

AMRA - UNITED STATES Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -317.721 -74.026 -16.722 DRM 0 -27.985 -2.101 0 Other types of rights Total - AMRA - UNITED STATES 0 0 0 0 -345.706 -76.127 -16.722

APDAYC - PERU Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 29.812 894 1.446 116 -38.896 -9.062 -2.047 DRM 721 22 0 -1.216 -91 0 Other types of rights Total - APDAYC - PERU 30.533 916 1.446 116 -40.112 -9.154 -2.047

APRA - AUSTRALIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 215.760 6.473 10.464 -1.657.257 -386.124 -87.224 DRM 0 0 0 Other types of rights Total - APRA - AUSTRALIA 215.760 6.473 10.464 0 -1.657.257 -386.124 -87.224

ARMAUTHOR NGO - ARMENIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 79 2 4 0 0 DRM 0 0 0 Other types of rights Total - ARMAUTHOR NGO - ARMENIA 79 2 4 0 0 0 0

ARTISJUS - HUNGARY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 149.203 4.476 7.236 981 -20.043 -4.670 -1.055 DRM 25.009 750 321 -2.346 -176 0 Other types of rights Total - ARTISJUS - HUNGARY 174.212 5.226 7.236 1.302 -22.389 -4.846 -1.055

BUMA - NETHERLANDS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 829.093 24.873 40.211 -776.398 -180.893 -40.863 DRM 0 0 0 Other types of rights Total - BUMA - NETHERLANDS 829.093 24.873 40.211 0 -776.398 -180.893 -40.863

CASH - HONG KONG Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 38.033 1.141 1.845 -16.301 -3.798 -858 DRM 2.101 63 0 -576 -43 0 Other types of rights Total - CASH - HONG KONG 40.134 1.204 1.845 0 -16.878 -3.841 -858

COMPASS - SINGAPORE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 13.577 407 658 0 0 DRM 0 0 0 Other types of rights Total - COMPASS - SINGAPORE 13.577 407 658 0 0 0 0

EAU - ESTONIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 2.805 84 136 -1.654 -385 -87 DRM 0 0 0 Other types of rights Total - EAU - ESTONIA 2.805 84 136 0 -1.654 -385 -87

FILSCAP - PHILIPPINES Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 4.287 129 208 -696 -162 -37 DRM 0 0 0 Other types of rights Total - FILSCAP - PHILIPPINES 4.287 129 208 0 -696 -162 -37

GEMA - GERMANY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 2.408.907 72.267 116.832 3.594 -5.299.448 -1.234.719 -278.918 DRM 656.431 19.693 39.406 -678.440 -50.931 0 Other types of rights Total - GEMA - GERMANY 3.065.338 91.960 116.832 43.000 -5.977.887 -1.285.649 -278.918

HDS-ZAMP - CROATIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 79.049 2.371 3.834 -9.431 -2.197 -496 DRM 0 0 0 Other types of rights Total - HDS-ZAMP - CROATIA 79.049 2.371 3.834 0 -9.431 -2.197 -496

IMRO - IRELAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 44.635 1.339 2.165 -227.096 -52.911 -11.952 DRM 0 0 0 Other types of rights Total - IMRO - IRELAND 44.635 1.339 2.165 0 -227.096 -52.911 -11.952

KODA - DENMARK Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 259.930 7.798 12.607 2.631 -376.366 -87.690 -19.809 DRM 0 0 0 Other types of rights Total - KODA - DENMARK 259.930 7.798 12.607 2.631 -376.366 -87.690 -19.809

KOMCA - KOREA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 92.170 2.765 4.470 -33.072 -7.705 -1.741 DRM 0 0 0 Other types of rights Total - KOMCA - KOREA 92.170 2.765 4.470 0 -33.072 -7.705 -1.741

LATGA - LITHUANIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 42.535 1.276 2.063 -453 -106 -24 DRM 0 0 0 Other types of rights Total - LATGA - LITHUANIA 42.535 1.276 2.063 0 -453 -106 -24

MACA - MACAU Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 2.217 67 108 0 0 DRM 0 0 0 Other types of rights Total - MACA - MACAU 2.217 67 108 0 0 0 0

MACP - MALAYSIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 13.360 401 648 -17.073 -3.978 -899 DRM 0 0 0 Other types of rights Total - MACP - MALAYSIA 13.360 401 648 0 -17.073 -3.978 -899

MCPS - UNITED KINGDOM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 DRM 427.509 12.825 0 -275.178 -20.658 0 Other types of rights Total - MCPS - UNITED KINGDOM 427.509 12.825 0 0 -275.178 -20.658 0

MCT - THAILAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 3.182 95 154 0 0 DRM 0 0 0 Other types of rights Total - MCT - THAILAND 3.182 95 154 0 0 0 0

AEPI - GRECIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 0 Other types of rights Total - AEPI - GRECIA 0 0 0 0 0 0 0

MESAM - TURKEY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 32.070 962 1.555 0 0 DRM 2.311 69 0 0 0 Other types of rights Total - MESAM - TURKEY 34.381 1.031 1.555 0 0 0 0

MSG - TURKEY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 -21.097 -4.915 -1.110 DRM 0 -435 -33 0 Other types of rights Total - MSG - TURKEY 0 0 0 0 -21.532 -4.948 -1.110

MUSICAUTOR - BULGARIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 34.947 1.048 1.695 -3.643 -849 -192 DRM 437 13 0 -970 -73 0 Other types of rights Total - MUSICAUTOR - BULGARIA 35.384 1.062 1.695 0 -4.613 -922 -192

76 TRANSPARENCY REPORT 2017

MÜST - TAIWAN, CHINESE TAIPEI Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 13.595 408 659 -999 -233 -53 DRM 0 0 0 Other types of rights Total - MÜST - TAIWAN, CHINESE TAIPEI 13.595 408 659 0 -999 -233 -53

NCB - DENMARK Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 DRM 33.327 1.000 0 -152.395 -11.440 0 Other types of rights Total - NCB - DENMARK 33.327 1.000 0 0 -152.395 -11.440 0

NCIP - BELARUS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 24.426 733 1.185 0 0 DRM 0 0 0 Other types of rights Total - NCIP - BELARUS 24.426 733 1.185 0 0 0 0

ONDA - ALGERIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 411 12 20 0 0 DRM 639 19 0 0 0 Other types of rights Total - ONDA - ALGERIA 1.051 32 20 0 0 0 0

OSA - CZECH REPUBLIC Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 150.606 4.518 7.304 -52.222 -12.167 -2.749 DRM 56.933 1.708 0 347 -10.077 -756 0 Other types of rights Total - OSA - CZECH REPUBLIC 207.539 6.226 7.304 347 -62.298 -12.924 -2.749

PRS - UNITED KINGDOM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 851.119 25.533 41.279 -14.613.271 -3.404.747 -769.120 DRM 0 0 0 Other types of rights Total - PRS - UNITED KINGDOM 851.119 25.533 41.279 0 -14.613.271 -3.404.747 -769.120

RAO - RUSSIAN FEDERATION Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 60.023 1.801 2.911 -80.236 -18.694 -4.223 DRM 0 -14.106 -1.059 0 Other types of rights Total - RAO - RUSSIAN FEDERATION 60.023 1.801 2.911 0 -94.342 -19.753 -4.223

SABAM - BELGIUM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 555.338 16.660 26.934 -393.464 -91.673 -20.709 DRM 123.810 3.714 0 -74.264 -5.575 0 Other types of rights Total - SABAM - BELGIUM 679.148 20.374 26.934 0 -467.728 -97.248 -20.709

SACD - FRANCE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 15.591 468 756 138 0 0 DRM 0 0 0 Other types of rights Total - SACD - FRANCE 15.591 468 756 138 0 0 0

SACEM - FRANCE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 2.402.631 72.079 116.528 -6.212.905 -1.447.545 -326.995 DRM 1.137.945 34.138 0 -898.923 -67.482 0 Other types of rights Total - SACEM - FRANCE 3.540.576 106.217 116.528 0 -7.111.828 -1.515.028 -326.995

SACM - MEXICO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 130.617 3.918 6.335 -160.817 -37.469 -8.464 DRM 0 -13.981 -1.050 0 Other types of rights Total - SACM - MEXICO 130.617 3.918 6.335 0 -174.797 -38.518 -8.464

SACVEN - VENEZUELA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 630 19 31 0 0 DRM 0 0 0 Other types of rights Total - SACVEN - VENEZUELA 630 19 31 0 0 0 0

SADAIC - ARGENTINA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 299.007 8.970 14.502 -367.212 -85.557 -19.327 DRM 9.658 290 0 -44.572 -3.346 0 Other types of rights Total - SADAIC - ARGENTINA 308.666 9.260 14.502 0 -411.784 -88.903 -19.327

SAMRO - SOUTH AFRICA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 21.671 650 1.051 -32.672 -7.612 -1.720 DRM 0 0 0 Other types of rights Total - SAMRO - SOUTH AFRICA 21.671 650 1.051 0 -32.672 -7.612 -1.720

SCD - CHILE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 94.597 2.838 4.588 -16.091 -3.749 -847 DRM 864 26 0 -1.768 -133 0 Other types of rights Total - SCD - CHILE 95.462 2.864 4.588 0 -17.859 -3.882 -847

SGAE - SPAIN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 684.545 20.536 33.200 -3.013.302 -702.069 -158.595 DRM 115.294 3.459 0 -296.403 -22.251 0 Other types of rights Total - SGAE - SPAIN 799.840 23.995 33.200 0 -3.309.705 -724.320 -158.595

SOCAN - CANADA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 250.872 7.526 12.167 -1.848.664 -430.720 -97.298 DRM 0 0 0 Other types of rights Total - SOCAN - CANADA 250.872 7.526 12.167 0 -1.848.664 -430.720 -97.298

SOCINPRO - BRAZIL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -10.295 -2.399 -542 DRM 0 0 0 Other types of rights Total - SOCINPRO - BRAZIL 0 0 0 0 -10.295 -2.399 -542

SODRAC - CANADA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 70.071 2.102 0 -52.486 -3.940 0 Other types of rights Total - SODRAC - CANADA 70.071 2.102 0 0 -52.486 -3.940 0

SOKOJ - SERBIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 18.732 562 909 2.730 -8.701 -2.027 -458 DRM 4 0 0 -1.739 -131 0 Other types of rights Total - SOKOJ - SERBIA 18.735 562 909 2.730 -10.440 -2.158 -458

SOZA - SLOVAKIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 44.144 1.324 2.141 -515 -120 -27 DRM 8.296 249 0 -38 -3 0 Other types of rights Total - SOZA - SLOVAKIA 52.440 1.573 2.141 0 -553 -123 -27

SPA - PORTUGAL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 78.069 2.342 3.786 -114.242 -26.617 -6.013 DRM 15.633 469 0 12 -8.147 -612 0 Other types of rights Total - SPA - PORTUGAL 93.703 2.811 3.786 12 -122.390 -27.229 -6.013

SPAC - PANAMA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 3.811 114 185 -2.997 -698 -158 DRM 0 0 0 Other types of rights Total - SPAC - PANAMA 3.811 114 185 0 -2.997 -698 -158

SSA - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.732 52 84 0 0 DRM 0 0 0 Other types of rights Total - SSA - SWITZERLAND 1.732 52 84 0 0 0 0

78 TRANSPARENCY REPORT 2017

STEF - ICELAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 3.648 109 177 -34.853 -8.120 -1.834 DRM 0 0 0 Other types of rights Total - STEF - ICELAND 3.648 109 177 0 -34.853 -8.120 -1.834

STEMRA - NETHERLANDS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 91.601 2.748 0 -100.382 -7.536 0 Other types of rights Total - STEMRA - NETHERLANDS 91.601 2.748 0 0 -100.382 -7.536 0

STIM - SWEDEN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 187.138 5.614 9.076 -1.304.391 -303.910 -68.652 DRM 0 0 0 Other types of rights Total - STIM - SWEDEN 187.138 5.614 9.076 0 -1.304.391 -303.910 -68.652

SUISA - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 2.278.477 68.354 110.506 -930.818 -216.871 -48.990 DRM 352.897 10.587 0 -211.996 -15.915 0 Other types of rights Total - SUISA - SWITZERLAND 2.631.374 78.941 110.506 0 -1.142.814 -232.786 -48.990

TEOSTO - FINLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 241.148 7.234 11.696 -113.638 -26.477 -5.981 DRM 0 0 0 Other types of rights Total - TEOSTO - FINLAND 241.148 7.234 11.696 0 -113.638 -26.477 -5.981

TONO - NORWAY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 72.932 2.188 3.537 -246.166 -57.354 -12.956 DRM 0 0 0 Other types of rights Total - TONO - NORWAY 72.932 2.188 3.537 0 -246.166 -57.354 -12.956

UACRR - UKRAINE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 3.954 119 192 3.382 0 0 DRM 0 0 0 Other types of rights Total - UACRR - UKRAINE 3.954 119 192 3.382 0 0 0

UBC - BRAZIL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 485.332 14.560 23.539 0 0 DRM 15.903 477 0 0 0 Other types of rights Total - UBC - BRAZIL 501.235 15.037 23.539 0 0 0 0

UCMR-ADA - ROMANIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 115.603 3.468 5.607 -49.207 -11.465 -2.590 DRM 8.093 243 0 -10.748 -807 0 Other types of rights Total - UCMR-ADA - ROMANIA 123.697 3.711 5.607 0 -59.955 -12.272 -2.590

VCPMC - VIET NAM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 3.023 91 147 0 0 DRM 0 0 0 Other types of rights Total - VCPMC - VIET NAM 3.023 91 147 0 0 0 0

ZAIKS - POLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 399.599 11.988 19.381 61.091 -16.521 -3.849 -870 DRM 41.482 1.244 0 15.008 -4.161 -312 0 Other types of rights Total - ZAIKS - POLAND 441.082 13.232 19.381 76.099 -20.682 -4.162 -870

ZAMP Macedonia - MACEDONIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 8.565 257 415 0 0 DRM 0 0 0 Other types of rights Total - ZAMP Macedonia - MACEDONIA 8.565 257 415 0 0 0 0

SBACEM - BRAZIL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -39.640 -9.236 -2.086 DRM 0 -4.857 -365 0 Other types of rights Total - SBACEM - BRAZIL 0 0 0 0 -44.497 -9.600 -2.086

ACEMLA - PORTO RICO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -1.480 -345 -78 DRM 0 0 0 Other types of rights Total - ACEMLA - PORTO RICO 0 0 0 0 -1.480 -345 -78

AMAR - BRASILE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -38.362 -8.938 -2.019 DRM 0 0 0 Other types of rights Total - AMAR - BRASILE 0 0 0 0 -38.362 -8.938 -2.019

APA - PARAGUAY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -994 -232 -52 DRM 0 0 0 Other types of rights Total - APA - PARAGUAY 0 0 0 0 -994 -232 -52

ARESA - GERMANIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 -95.743 -7.187 0 Other types of rights Total - ARESA - GERMANIA 0 0 0 0 -95.743 -7.187 0

ASCAP - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 788.899 23.667 38.262 -19.281.486 -4.492.395 -1.014.815 DRM 0 0 0 Other types of rights Total - ASCAP - USA 788.899 23.667 38.262 0 -19.281.486 -4.492.395 -1.014.815

ASSIM - BRASILE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -27.339 -6.370 -1.439 DRM 0 0 0 Other types of rights Total - ASSIM - BRASILE 0 0 0 0 -27.339 -6.370 -1.439

AUME - AUSTRIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 149.616 4.488 0 -65.860 -4.944 0 Other types of rights Total - AUME - AUSTRIA 149.616 4.488 0 0 -65.860 -4.944 0

BMI - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 846.552 25.397 41.058 26.171 -19.945.688 -4.647.147 -1.049.773 DRM 0 0 0 Other types of rights Total - BMI - USA 846.552 25.397 41.058 26.171 -19.945.688 -4.647.147 -1.049.773

EMI-EUROPE (SOLAR) - REGNO UNITO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -298.475 -69.542 -15.709 DRM 0 -362.206 -27.191 0 Other types of rights Total - EMI-EUROPE (SOLAR) - REGNO UNITO 0 0 0 0 -660.681 -96.733 -15.709

HFA - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 281.433 8.443 0 0 0 Other types of rights Total - HFA - USA 281.433 8.443 0 0 0 0 0

GOOGLE - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 571 17 0 0 0 Other types of rights Total - GOOGLE - USA 571 17 0 0 0 0 0

80 TRANSPARENCY REPORT 2017

MUSIC NOTES INC - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 227 7 0 0 0 Other types of rights Total - MUSIC NOTES INC - USA 227 7 0 0 0 0 0

SONY MUSIC - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 58 2 0 0 0 Other types of rights Total - SONY MUSIC - USA 58 2 0 0 0 0 0

UNIV. MUSIC GROUP - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 475 14 0 0 0 Other types of rights Total - UNIV. MUSIC GROUP - USA 475 14 0 0 0 0 0

JASRAC - GIAPPONE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.177.261 35.318 57.097 -490.853 -114.364 -25.834 DRM 210.956 6.329 0 -110.780 -8.316 0 Other types of rights Total - JASRAC - GIAPPONE 1.388.218 41.646 57.097 0 -601.633 -122.680 -25.834

KAZAK - KAZAKISTAN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.786 54 87 0 0 DRM 0 0 0 Other types of rights Total - KAZAK - KAZAKISTAN 1.786 54 87 0 0 0 0

LEGACY PROD.INC - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 847 25 0 0 0 Other types of rights Total - LEGACY PROD.INC - USA 847 25 0 0 0 0 0

MASA - MAURITIUS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -3.042 -709 -160 DRM 0 -197 -15 0 Other types of rights Total - MASA - MAURITIUS 0 0 0 0 -3.239 -724 -160

MCSC - CINA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 11.935 358 579 -1.369 -319 -72 DRM 0 0 0 Other types of rights Total - MCSC - CINA 11.935 358 579 0 -1.369 -319 -72

NMP - DANIMARCA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 11.496 345 0 0 0 Other types of rights Total - NMP - DANIMARCA 11.496 345 0 0 0 0 0

NMPA - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 21 1 0 0 0 Other types of rights Total - NMPA - USA 21 1 0 0 0 0 0

PEERMUSIC - GERMANIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM -10.157 -2.366 -535 DRM 0 -9.440 -709 0 Other types of rights Total - PEERMUSIC - GERMANIA 0 0 0 0 -19.597 -3.075 -535

SAYCO - COLOMBIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 40.044 1.201 1.942 -50.536 -11.774 -2.660 DRM 0 0 0 -1.998 -150 0 Other types of rights Total - SAYCO - COLOMBIA 40.044 1.201 1.942 0 -52.534 -11.924 -2.660

SESAC - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.374 41 67 -1.787.098 -416.376 -94.058 DRM 0 0 0 -64.336 -4.830 0 Other types of rights Total - SESAC - USA 1.374 41 67 0 -1.851.434 -421.206 -94.058

SOLAR (CELAS) - GERMANIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 0 -220.358 -51.341 -11.598 DRM 0 0 0 0 0 0 Other types of rights Total - SOLAR (CELAS) - GERMANIA 0 0 0 0 -220.358 -51.341 -11.598

SONY/ATV - REGNO UNITO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 -186.148 -43.371 -9.797 DRM 0 0 0 -157.810 -11.847 0 Other types of rights Total - SONY/ATV - REGNO UNITO 0 0 0 0 -343.959 -55.218 -9.797

UMPI - REGNO UNITO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 0 0 DRM 0 0 0 -212.041 -15.918 0 Other types of rights Total - UMPI - REGNO UNITO 0 0 0 0 -212.041 -15.918 0

SGAE(MESSICO) - MESSICO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 0 DRM 29.788 894 0 0 0 Other types of rights Total - SGAE(MESSICO) - MESSICO 29.788 894 0 0 0 0 0

SAZAS - SLOVENIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 79.274 2.378 3.845 -27.923 -6.506 -1.470 DRM 1.389 42 -4.554 -342 0 Other types of rights Total - SAZAS - SLOVENIA 80.663 2.420 3.845 0 -32.477 -6.848 -1.470

GCA - GEORGIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 8.041 241 390 756 0 0 DRM 0 0 0 0 Other types of rights Total - GCA - GEORGIA 8.041 241 390 756 0 0 0

82 TRANSPARENCY REPORT 2017

Cinema

AKKA-LAA - LATVIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 101 3 98 DRM 0 Other types of rights 0 Total - AKKA-LAA - LATVIA 101 3 0 98 0 0 0

ALCS - UNITED KINGDOM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 14.475 434 14.041 906.774 123.938 DRM 0 72.473 9.906 Other types of rights 0 Total - ALCS - UNITED KINGDOM 14.475 434 0 14.041 979.248 133.844 0

ARGENTORES - ARGENTINA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.544 46 1.498 24.984 3.491 DRM 0 10.737 1.500 Other types of rights 0 Total - ARGENTORES - ARGENTINA 1.544 46 0 1.498 35.721 4.991 0

ASDACS - AUSTRALIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 DRM 0 37.824 5.285 Other types of rights 0 Total - ASDACS - AUSTRALIA 0 0 0 0 37.824 5.285 0

AWGACS - AUSTRALIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 DRM 0 13.727 1.918 Other types of rights 0 Total - AWGACS - AUSTRALIA 0 0 0 0 13.727 1.918 0

VG BILD-KUNST - GERMANY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 31.371 941 30.430 1.095.482 137.752 DRM 16.120 484 15.636 73.140 9.197 Other types of rights 0 Total - VG BILD-KUNST - GERMANY 47.491 1.425 0 46.066 1.168.622 146.949 0

CBS - NETHERLANDS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 DRM 0 30.193 3.996 Other types of rights 0 Total - CBS - NETHERLANDS 0 0 0 0 30.193 3.996 0

COMPACT - UK Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 DRM 0 61.123 8.354 Other types of rights 0 Total - COMPACT - UK 0 0 0 0 61.123 8.354 0

CSCS - CANADA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 DRM 0 54.533 6.857 Other types of rights 0 Total - CSCS - CANADA 0 0 0 0 54.533 6.857 0

DAC - ARGENTINA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 30.170 905 29.264 10.369 1.449 DRM 0 3.518 492 Other types of rights 0 Total - DAC - ARGENTINA 30.170 905 0 29.264 13.887 1.940 0

DACIN SARA - ROMANIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 78.197 2.346 75.851 187 26 DRM 0 0 Other types of rights 0 Total - DACIN SARA - ROMANIA 78.197 2.346 0 75.851 187 26 0

DAMA - SPAIN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 121.224 15.879 DRM 0 5.245 687 Other types of rights 0 Total - DAMA - SPAIN 0 0 0 0 126.469 16.566 0

DGA - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 8.242 247 7.995 0 DRM 0 317.240 43.360 Other types of rights 0 Total - DGA - USA 8.242 247 0 7.995 317.240 43.360 0

DILIA - CZECH REPUBLIC Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 15.724 472 15.252 0 DRM 6.468 194 6.274 1.862 234 Other types of rights 0 Total - DILIA - CZECH REPUBLIC 22.193 666 0 21.527 1.862 234 0

DIRECTORS UK - UNITED KINGDOM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 15.488 465 15.023 775.004 105.928 DRM 0 51.668 7.062 Other types of rights 0 Total - DIRECTORS UK - UNITED KINGDOM 15.488 465 0 15.023 826.673 112.990 0

DRCC - CANADA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 DRM 0 42.846 5.388 Other types of rights 0 Total - DRCC - CANADA 0 0 0 0 42.846 5.388 0

DREAMWORKS - NETHERLANDS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 DRM 0 0 Other types of rights 0 Total - DREAMWORKS - NETHERLANDS 0 0 0 0 0 0 0

FILMAUTOR - BULGARIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 6.762 945 Other types of rights 0 Total - FILMAUTOR - BULGARIA 0 0 0 0 6.762 945 0

FILMJUS - HUNGARY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 27.401 822 26.579 10.595 1.332 DRM 24.594 738 23.856 1.597 201 Other types of rights 0 Total - FILMJUS - HUNGARY 51.995 1.560 0 50.435 12.192 1.533 0

FINTAGE - NETHERLANDS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 DRM 0 65.570 8.679 Other types of rights 0 Total - FINTAGE - NETHERLANDS 0 0 0 0 65.570 8.679 0

IFTA - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 DRM 0 32.166 4.396 Other types of rights 0 Total - IFTA - USA 0 0 0 0 32.166 4.396 0

84 TRANSPARENCY REPORT 2017

KOPIOSTO - FINLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 3.911 117 3.793 0 DRM 0 239 30 Other types of rights 0 Total - KOPIOSTO - FINLAND 3.911 117 0 3.793 239 30 0

LATGA - LITHUANIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 175 5 169 0 DRM 640 19 621 0 Other types of rights 0 Total - LATGA - LITHUANIA 815 24 0 790 0 0 0

LIRA - NETHERLANDS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 64.247 1.927 62.320 89.507 11.847 DRM 6.019 181 5.839 1.012 134 Other types of rights 0 Total - LIRA - NETHERLANDS 70.267 2.108 0 68.159 90.518 11.981 0

LITA - SLOVAKIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 9.336 280 9.056 0 DRM 9.663 290 9.373 0 Other types of rights 0 Total - LITA - SLOVAKIA 18.999 570 0 18.429 0 0 0

LITERAR-MECHANA - AUSTRIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 52.224 1.567 50.657 32.285 4.060 DRM 0 2.988 376 Other types of rights 0 Total - LITERAR-MECHANA - AUSTRIA 52.224 1.567 0 50.657 35.273 4.435 0

MGM - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 15.529 2.123 Other types of rights 0 Total - MGM - USA 0 0 0 0 15.529 2.123 0

NORWACO - NORWAY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 1.667 50 1.617 4.924 619 Other types of rights 0 Total - NORWACO - NORWAY 1.667 50 0 1.617 4.924 619 0

PPG VIACOM PARAMOUNT - NETHERLANS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 21.480 2.843 DRM 0 0 Other types of rights 0 Total - PPG VIACOM PARAMOUNT - NETHERLANS 0 0 0 0 21.480 2.843 0

SABAM - BELGIUM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.345 40 1.304 45.871 5.768 DRM 19 1 18 3.910 492 Other types of rights 0 Total - SABAM - BELGIUM 1.364 41 0 1.323 49.781 6.260 0

SACD - FRANCE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 723.440 21.703 701.737 1.766.931 222.184 DRM 64.115 1.923 62.191 188.747 23.734 Other types of rights 0 Total - SACD - FRANCE 787.555 23.627 0 763.928 1.955.678 245.918 0

SCAM - FRANCE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 65.293 1.959 63.334 120.187 15.113 DRM 2.502 75 2.427 51.861 6.521 Other types of rights 0 Total - SCAM - FRANCE 67.795 2.034 0 65.761 172.048 21.634 0

SGAE - SPAIN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 98.215 2.946 95.268 1.132.704 148.368 DRM 1.833 55 1.778 65.944 8.638 Other types of rights 0 Total - SGAE - SPAIN 100.047 3.001 0 97.046 1.198.648 157.005 0

SONAR ENTERTAINMENT - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 0 DRM 0 0 Other types of rights 0 Total - SONAR ENTERTAINMENT - USA 0 0 0 0 0 0 0

SONY - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 47.675 6.516 Other types of rights 0 Total - SONY - USA 0 0 0 0 47.675 6.516 0

SPA - PORTUGAL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 438 13 424 0 DRM 0 0 Other types of rights 0 Total - SPA - PORTUGAL 438 13 0 424 0 0 0

SSA - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 306.300 9.189 297.111 3.543 469 DRM 2.395 72 2.323 586 78 Other types of rights 0 Total - SSA - SWITZERLAND 308.695 9.261 0 299.434 4.129 547 0

TCF FOX - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 50.651 6.923 Other types of rights 0 Total - TCF FOX - USA 0 0 0 0 50.651 6.923 0

TNT - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 17.160 2.345 Other types of rights 0 Total - TNT - USA 0 0 0 0 17.160 2.345 0

UNIVERSAL - UK Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 88.627 12.114 Other types of rights 0 Total - UNIVERSAL - UK 0 0 0 0 88.627 12.114 0

VDFS - AUSTRIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 11.215 336 10.879 64.794 8.148 DRM 8.941 268 8.673 3.535 444 Other types of rights 0 Total - VDFS - AUSTRIA 20.156 605 0 19.551 68.329 8.592 0

VEVAM - NETHERLANDS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 49.217 1.477 47.740 50.858 6.732 DRM 3.984 120 3.864 1.152 152 Other types of rights 0 Total - VEVAM - NETHERLANDS 53.201 1.596 0 51.605 52.010 6.884 0

WALT DISNEY - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 61.810 8.448 Other types of rights 0 Total - WALT DISNEY - USA 0 0 0 0 61.810 8.448 0

WARNER BROS - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 143.261 19.581 Other types of rights 0 Total - WARNER BROS - USA 0 0 0 0 143.261 19.581 0

WGA - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 0 DRM 0 317.277 39.896 Other types of rights 0 Total - WGA - USA 0 0 0 0 317.277 39.896 0

86 TRANSPARENCY REPORT 2017

WORT - GERMANY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 26.451 794 25.657 945.177 118.852 DRM 27.145 814 26.330 52.599 6.614 Other types of rights 0 Total - WORT - GERMANY 53.596 1.608 0 51.988 997.776 125.466 0

ZAPA - POLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 126.570 3.797 122.773 15.410 2.153 DRM 0 2.693 376 Other types of rights 0 Total - ZAPA - POLAND 126.570 3.797 0 122.773 18.103 2.529 0

SUISSIMAGE - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 198.523 5.956 192.568 41.076 516 DRM 95.797 2.874 92.923 2.446 31 Other types of rights 0 Total - SUISSIMAGE - SWITZERLAND 294.321 8.830 0 285.491 43.522 547 0

Dor

ACUM - ISRAEL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 26 0 DRM 0 Other types of rights Total - ACUM - ISRAEL 0 0 0 0 26 0 0

AGADU - URUGUAY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.185 36 292 18 DRM 0 Other types of rights Total - AGADU - URUGUAY 1.185 36 0 0 292 18 0

AKKA-LAA - LATVIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 2.308 69 DRM 0 Other types of rights Total - AKKA-LAA - LATVIA 2.308 69 0 0 0 0 0

APDAYC - PERU Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 99 3 DRM 0 Other types of rights Total - APDAYC - PERU 99 3 0 0 0 0 0

ARGENTORES - ARGENTINA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 22.524 676 1.808 247 DRM 0 Other types of rights Total - ARGENTORES - ARGENTINA 22.524 676 0 0 1.808 247 0

DILIA - CZECH REPUBLIC Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 54.131 1.624 0 DRM 0 Other types of rights Total - DILIA - CZECH REPUBLIC 54.131 1.624 0 0 0 0 0

EAU - ESTONIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 905 27 0 DRM 0 Other types of rights Total - EAU - ESTONIA 905 27 0 0 0 0 0

HAA - CROAZIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 5.743 172 DRM 0 Other types of rights Total - HAA - CROAZIA 5.743 172 0 0 0 0 0

88 TRANSPARENCY REPORT 2017

HOFRA - UNGHERIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 16.957 509 DRM 0 Other types of rights Total - HOFRA - UNGHERIA 16.957 509 0 0 0 0 0

LATGA - LITHUANIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.700 51 2.762 309 DRM 0 Other types of rights Total - LATGA - LITHUANIA 1.700 51 0 0 2.762 309 0

LITA - SLOVAKIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 3.830 115 DRM 0 Other types of rights Total - LITA - SLOVAKIA 3.830 115 0 0 0 0 0

NCIP - BELARUS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.835 55 DRM 0 Other types of rights Total - NCIP - BELARUS 1.835 55 0 0 0 0 0

RAO - RUSSIAN FEDERATION Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 18.817 565 2.056 206 DRM 0 Other types of rights Total - RAO - RUSSIAN FEDERATION 18.817 565 0 0 2.056 206 0

SABAM - BELGIUM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 17.658 530 0 0 DRM 0 Other types of rights Total - SABAM - BELGIUM 17.658 530 0 0 0 0 0

SACD - FRANCE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 324.618 9.739 361.939 46.089 DRM 0 1.563 Other types of rights Total - SACD - FRANCE 324.618 9.739 0 0 363.502 46.089 0

SGAE - SPAIN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 42.893 1.287 35.192 4.768 DRM 0 10 Other types of rights Total - SGAE - SPAIN 42.893 1.287 0 0 35.202 4.768 0

SOGEM - MESSICO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 3.970 119 DRM 0 Other types of rights Total - SOGEM - MESSICO 3.970 119 0 0 0 0 0

SOPE - GREECE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 6.793 204 DRM 0 Other types of rights Total - SOPE - GREECE 6.793 204 0 0 0 0 0

SPA - PORTUGAL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 2.855 86 226 9 DRM 0 Other types of rights Total - SPA - PORTUGAL 2.855 86 0 0 226 9 0

SSA - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 579.574 17.387 17.058 2.110 DRM 53.707 1.611 Other types of rights Total - SSA - SWITZERLAND 633.281 18.998 0 0 17.058 2.110 0

SUISA - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.607 48 DRM 0 Other types of rights Total - SUISA - SWITZERLAND 1.607 48 0 0 0 0 0

UACRR - UKRAINE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 3.846 115 DRM 0 Other types of rights Total - UACRR - UKRAINE 3.846 115 0 0 0 0 0

ZAIKS - POLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 9.013 270 DRM 0 Other types of rights Total - ZAIKS - POLAND 9.013 270 0 0 0 0 0

90 TRANSPARENCY REPORT 2017

Lyric

ABRAMUS - BRAZIL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 5.039 151 DRM Other types of rights Total - ABRAMUS - BRAZIL 5.039 151 0 0 0 0 0 1 AKKA-LAA - LATVIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 480 14 DRM Other types of rights Total - AKKA-LAA - LATVIA 480 14 0 0 0 0 0

ARGENTORES - ARGENTINA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 5.356 161 12.332 1.192 DRM Other types of rights Total - ARGENTORES - ARGENTINA 5.356 161 0 0 12.332 1.192 0

RAO - RUSSIAN FEDERATION Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 1.333 40 75.961 5.462 DRM Other types of rights Total - RAO - RUSSIAN FEDERATION 1.333 40 0 0 75.961 5.462 0

SABAM - BELGIUM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 400 12 1.311 206 DRM Other types of rights Total - SABAM - BELGIUM 400 12 0 0 1.311 206 0

SACD - FRANCE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 40.454 1.214 394.059 31.355 DRM Other types of rights Total - SACD - FRANCE 40.454 1.214 0 0 394.059 31.355 0

SGAE - SPAIN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 748 22 105.564 4.653 DRM Other types of rights Total - SGAE - SPAIN 748 22 0 0 105.564 4.653 0

SSA - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 19.976 599 102.172 8.886 DRM Other types of rights Total - SSA - SWITZERLAND 19.976 599 0 0 102.172 8.886 0

SUISA - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 764 23 DRM Other types of rights Total - SUISA - SWITZERLAND 764 23 0 0 0 0 0

UACRR - UKRAINE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 293 9 DRM Other types of rights Total - UACRR - UKRAINE 293 9 0 0 0 0 0

ZAIKS - POLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM 0 597 166 DRM Other types of rights Total - ZAIKS - POLAND 0 0 0 0 597 166 0

OLAF – Literary works

AKKA-LAA - LATVIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 42 1 Total - AKKA-LAA - LATVIA 42 1 0 0 0 0 0

ALCS - UNITED KINGDOM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 21.619 649 12.975 3.525 Total - ALCS - UNITED KINGDOM 21.619 649 0 0 12.975 3.525 0

ARTISJUS - HUNGARY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 66 2 0 Total - ARTISJUS - HUNGARY 66 2 0 0 0 0 0

Copyright Agency - AUSTRALIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 49.173 1.475 Total - Copyright Agency - AUSTRALIA 49.173 1.475 0 0 0 0 0

CCC - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 0 159.842 39.961 Total - CCC - USA 0 0 0 0 159.842 39.961 0

CCLA CANADIAN COPYRIGHT LICENSING Collections from other collective management Organizations Payments to other collective management Organizations AGENCY Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 2.400 72 1.122 280 Total - CCLA CANADIAN COPYRIGHT LICENSING AGENCY 2.400 72 0 0 1.122 280 0

CEDRO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 1.830 55 18.510 4.820 Total - CEDRO 1.830 55 0 0 18.510 4.820 0

CFC Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 51.996 1.560 44.961 11.240 Total - CFC 51.996 1.560 0 0 44.961 11.240 0

CLA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 104.328 3.130 117.820 42.078 Total - CLA 104.328 3.130 0 0 117.820 42.078 0

92 TRANSPARENCY REPORT 2017

CLL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 2.601 78 Total - CLL 2.601 78 0 0 0 0 0

COPIBEC Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 5.684 171 Total - COPIBEC 5.684 171 0 0 0 0 0

COPYDAN WRITING Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 36.700 1.101 487 122 Total - COPYDAN WRITING 36.700 1.101 0 0 487 122 0

KOPINOR Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 23.452 704 Total - KOPINOR 23.452 704 0 0 0 0 0

DILIA - CZECH REPUBLIC Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 485 67 Total - DILIA - CZECH REPUBLIC 0 0 0 0 485 67 0

LIRA - NETHERLANDS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 39.923 1.198 Total - LIRA - NETHERLANDS 39.923 1.198 0 0 0 0 0

HKRRLS - HONG KONG - HONG KONG Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 44 16 Total - HKRRLS - HONG KONG - HONG KONG 0 0 0 0 44 16 0

PROLITTERIS - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 20.827 625 5.361 1.411 Total - PROLITTERIS - SWITZERLAND 20.827 625 0 0 5.361 1.411 0

RAO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 345 10 Total - RAO 345 10 0 0 0 0 0

SCAM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 931 28 1 Total - SCAM 931 28 0 0 0 1 0

SGAE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 1 Total - SGAE 0 0 0 0 0 1 0

SSA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 315 9 Total - SSA 315 9 0 0 0 0 0

WORT Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 36.623 1.099 Total - WORT 36.623 1.099 0 0 0 0 0

IRRO - INDIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 4.708 1.471 Total - IRRO - INDIA 0 0 0 0 4.708 1.471 0

LITME - AUSTRIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 1.505 310 Total - LITME - AUSTRIA 0 0 0 0 1.505 310 0

94 TRANSPARENCY REPORT 2017

OLAF – Visual Art

ADAGP - FRANCE Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 179.255 5.378 869.158 199.431 Total - ADAGP - FRANCE 179.255 5.378 0 0 869.158 199.431 0

ACS - UNITED KINGDOM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 2 Total - ACS - UNITED KINGDOM 0 0 0 0 0 2 0

AKKA-LAA - LATVIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 192 6 202 75 Total - AKKA-LAA - LATVIA 192 6 0 0 202 75 0

ARS - UNITED STATES Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 29.854 896 419.938 135.026 Total - ARS - UNITED STATES 29.854 896 0 0 419.938 135.026 0

AUTVIS - BRAZIL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 2 Total - AUTVIS - BRAZIL 0 0 0 0 0 2 0

BILD-KUNST Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 209.039 6.271 164.207 38.164 Total - BILD-KUNST 209.039 6.271 0 0 164.207 38.164 0

BILDRECHT GmbH - AUSTRIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 190.300 5.709 14.680 3.380 Total - BILDRECHT GmbH - AUSTRIA 190.300 5.709 0 0 14.680 3.380 0

VISDA - DENMARK Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 10.392 312 8.863 2.293 Total - VISDA - DENMARK 10.392 312 0 0 8.863 2.293 0

BONO - NORWAY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 3.649 109 2.967 1.042 Total - BONO - NORWAY 3.649 109 0 0 2.967 1.042 0

Bildupphovsrätt - SWEDEN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 19.358 581 9.060 2.101 Total - Bildupphovsrätt - SWEDEN 19.358 581 0 0 9.060 2.101 0

COPYDAN-WRITING - DENMARK Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 3.937 118 Total - COPYDAN-WRITING - DENMARK 3.937 118 0 0 0 0 0

DACS - UNITED KINGDOM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 926.357 27.791 193.078 48.997 Total - DACS - UNITED KINGDOM 926.357 27.791 0 0 193.078 48.997 0

EAU - ESTONIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 102 3 7 3 Total - EAU - ESTONIA 102 3 0 0 7 3 0

GESTOR - CZECH REPUBLIC Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 4.796 144 17.991 3.938 Total - GESTOR - CZECH REPUBLIC 4.796 144 0 0 17.991 3.938 0

HUNGART - HUNGARY Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 379 11 396 91 Total - HUNGART - HUNGARY 379 11 0 0 396 91 0

JASPAR - JAPAN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 3.729 112 Total - JASPAR - JAPAN 3.729 112 0 0 0 0 0

KUVASTO - FINLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 993 332 Total - KUVASTO - FINLAND 0 0 0 0 993 332 0

LATGA - LITHUANIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 229 7 21 8 Total - LATGA - LITHUANIA 229 7 0 0 21 8 0

PICTORIGHT - NETHERLANDS Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 22.765 683 17.225 4.715 Total - PICTORIGHT - NETHERLANDS 22.765 683 0 0 17.225 4.715 0

PROLITTERIS - SWITZERLAND Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 14.414 432 14.113 3.715 Total - PROLITTERIS - SWITZERLAND 14.414 432 0 0 14.113 3.715 0

RAO - RUSSIAN FEDERATION Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 2.117 64 3.991 1.289 Total - RAO - RUSSIAN FEDERATION 2.117 64 0 0 3.991 1.289 0

96 TRANSPARENCY REPORT 2017

SABAM - BELGIUM Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 6.517 196 46.092 10.524 Total - SABAM - BELGIUM 6.517 196 0 0 46.092 10.524 0

SACK - KOREA, REPUBLIC OF Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 820 25 Total - SACK - KOREA, REPUBLIC OF 820 25 0 0 0 0 0

SODART - Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 1 Total - SODART - 0 0 0 0 0 1 0

SODRAC - CANADA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 1.654 50 725 243 Total - SODRAC - CANADA 1.654 50 0 0 725 243 0

SPA - PORTUGAL Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 2 Total - SPA - PORTUGAL 0 0 0 0 0 2 0

SOMAAP - MEXICO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 862 26 3.010 1.005 Total - SOMAAP - MEXICO 862 26 0 0 3.010 1.005 0

VISCOPY - AUSTRALIA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 3.509 105 1.867 693 Total - VISCOPY - AUSTRALIA 3.509 105 0 0 1.867 693 0

SOFAM - BELGIO - BELGIO Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 544 144 Total - SOFAM - BELGIO - BELGIO 0 0 0 0 544 144 0

VEGAP - SPAIN Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 104.301 33.599 Total - VEGAP - SPAIN 0 0 0 0 104.301 33.599 0

VAGA - USA - USA Collections from other collective management Organizations Payments to other collective management Organizations Category name Amounts received Allocated shares Other deductions Amounts distributed Amounts paid Allocated shares Other deductions DEM DRM Other types of rights 46.159 11.541 Total - VAGA - USA - USA 0 0 0 0 46.159 11.541 0

AUDITING FIRM REPORT

Accounting period 2017

SIAE - Società Italiana degli Autori ed Editori Viale della Letteratura, 30 — 00144 Roma, Italia www.siae.it

100 TRANSPARENCY REPORT 2017

101

102

BOARD OF AUDITORS REPORT

Accounting period 2017

SIAE - Società Italiana degli Autori ed Editori Viale della Letteratura, 30 — 00144 Roma, Italia www.siae.it

104 TRANSPARENCY REPORT 2017

105