Mr. Victor Finn:

I thank Senator Murphy for his comments. I want to be clear: IMRO only represents songwriters and the owners of the underlying copyright. We do not represent artists unless it is in their capacity as a songwriter. Anything IMRO collects relates to the royalties from writing and composing the song. That is the first thing. There are other organisations which manage artists' royalties such as Recording Artists Actors Performers, RAAP, and artists also receive income from record labels. If they have a record label, they receive artists' royalties from it also.

We announced an emergency fund for the music industry that we funded in partnership with the record industry and Spotify also contributed. It was open to other contributions as well. It was administered by FMC at the time. Unfortunately, we only had a limited amount of funds available to put into that. It was limited to €750 at the time. As I explained earlier, our income has suffered hugely. We have had to be very careful in terms of what we spend on members' royalties going forward also. I hope I have answered the questions.