New dis­tri­bu­ti­on plan for press publis­hers has been agreed upon

Exten­si­ve con­si­de­ra­ti­on of qua­li­ty cri­te­ria for dis­tri­bu­ti­on. Signi­fi­cant rights port­fo­lio expan­si­on after nume­rous new collec­tion agree­ments are signed.

Press Release
Ber­lin, 2021-09-09

Fol­lowing the unani­mous vote by its Super­vi­so­ry Board, Corint Media’s share­hol­ders’ mee­ting has now also appro­ved a new dis­tri­bu­ti­on plan for the pro­ceeds from ancil­la­ry rights for press publis­hers. The key new fea­ture is the inclu­si­on of press-spe­ci­fic per­for­mance cri­te­ria in the dis­tri­bu­ti­on key. By giving IVW-cer­ti­fied* cri­te­ria more weigh­t­ing, the impor­t­ance of an estab­lis­hed and plu­ral press land­s­cape deser­ving of pro­tec­tion has been taken into account.

In future, the dis­tri­bu­ti­on plan will be divi­ded into five bud­gets: two will be dis­bur­sed accord­ing to the online reach of the respec­ti­ve ser­vice, and ano­t­her two, accord­ing to a sys­tem based on the num­ber of copies sold and the retail pri­ce of an issue. In addi­ti­on, two per cent of the reve­nue gene­ra­ted will con­ti­nue to be equal­ly dis­tri­bu­t­ed among all eli­gi­ble Corint Media press publis­hers who sign a collec­tion agree­ment.

Sin­ce the new ancil­la­ry rights for press publis­hers has come into for­ce, nume­rous press publis­hers have also expres­sed an inte­rest in allowing Corint Media to exer­cise their rights. Corint Media is con­fi­dent that it will be able to mana­ge the rights of more than 300 ser­vices in the future which repres­ents a majo­ri­ty of the mar­ket.

Mar­kus Run­de and Chris­toph Schwennicke, joint Mana­ging Direc­tors of Corint Media, had the fol­lowing to say:“After inten­se dis­cus­sions about the cor­rect para­me­ters, an excel­lent com­pro­mi­se has been found for the new regu­la­ti­ons that does jus­ti­ce to the mar­ket. This is the cor­ner­stone for fair dis­tri­bu­ti­on. In addi­ti­on to the collec­tion agree­ment, this is also the basis of rights manage­ment. Tog­e­ther with a signi­fi­cant­ly streng­t­he­ned rights port­fo­lio, and now that the con­tract with UPDAY, Europe’s lar­gest news app, has been signed, we will con­ti­nue nego­tia­ti­ons with the major plat­forms of Goog­le, Face­book, Micro­soft and other explo­i­ters of rights to ensu­re appro­pria­te remu­ne­ra­ti­on for the use of digi­tal publi­shing con­tent.”

*Die Infor­ma­ti­ons­ge­mein­schaft zur Fest­stel­lung der Ver­brei­tung von Wer­be­trä­gern e.V. (Ger­man Audit Bureau of Cir­cu­la­ti­on)

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