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)

Corint Media, which is based in Berlin, is a Euro­pean com­pa­ny in the pri­vate media sec­tor. It man­ages the copy­right and ancil­lary rights of almost all Ger­man and sev­er­al international pri­vate tele­vi­sion and radio sta­tions as well as of numer­ous press pub­lish­ers.

The media com­pa­nies rep­re­sent­ed by Corint Media include TV sta­tions such as Sat.1, ProSieben, RTL, WELT, SPORT1, CNBC, Eurosport, VOX, MTV and CNN, radio sta­tions such as ANTENNE BAYERN, radio ffn, Klas­sik Radio, Radio Ham­burg, Hit Radio-FFH, RPR1. and RTL RADIO, as well as press pub­lish­ers such as Axel Springer, Ver­lags­ge­sellschaft Mad­sack, DuMont Medi­en­gruppe, Augs­burg­er All­ge­meine, Aschen­dorff Medi­en­gruppe, Rheinis­che Post Medi­en­gruppe and Münch­en­er Zeitungs-Ver­lag.

Corint Media is one of 13 autho­rised col­lect­ing man­age­ment organ­i­sa­tions in Ger­many and is under the super­vi­sion of the Ger­man Patent and Trade Mark Office (DPMA).

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