CEDRO manages 32.89 million euros in 2024 with perfect financial balance
The copyright management entity CEDRO administered a total of 32.89 million euros during the 2024 fiscal year, according to its most recent official report. This figure reflects the solidity of a model that combines diverse income sources while always maintaining the non-profit nature that characterizes the organization 📊.
Origin and composition of income
CEDRO's funding structure demonstrates a notable diversification in its resource sources. The main concepts that make up the income include private copying compensation, usage licenses, activities in the university sphere, and international rights management. Furthermore, the organization generates 2.47 million euros through its own activities, complemented by other income and minor financial returns.
Breakdown of income from own activities:- Rights management: 2.02 million euros
- Service provisions: 0.45 million euros
- Other income and financial returns: complement the total figure
"At CEDRO, money is neither in excess nor lacking, like at a party where everyone brings something and no one takes the last piece of cake home" - Institutional philosophy
Strategic distribution of resources
All collected resources are allocated to specific purposes, prioritizing fair remuneration for authors and publishers, who receive 19.06 million euros. The remainder is used for management and administration expenses, social and welfare functions, technological investments, and the fight against piracy, thus ensuring continuous support for the creative sector 🎨.
Main destinations of the funds:- Authors and publishers: 19.06 million euros
- Management and administration expenses
- Social and welfare function
- Technology investments
- Fight against digital piracy
Model of transparency and balance
The fiscal year surplus remains at 0 euros, a common result for non-profit entities that seek perfect balance between income and expenses. CEDRO exercises total transparency in its operations, meticulously detailing the origin and destination of every euro in its annual report and memory, which strengthens the trust of creators and society in its institutional work 💯.