Record Film/Video Residual Payments For Musicians Even As Music Business Declines

Employer contributions to a residuals fund for musicians whose work is heard on the big and small screens hit a record $100 million last year, according to the latest report from the Film Musicians Secondary Markets Fund. Last year, the fund distributed more than $81 million to 17,000-plus musicians but is holding more than $5 million in unclaimed checks for more than 6,000 musicians for whom the fund has no current address or contract information.