Where does the money raised from licence fees go?
Currently approximately 50 percent of all the fees paid to HMS go to the people who create the music you play, enabling them to continue writing more music for your business. The remainder of revenues HMS received goes toward operating costs for the collection and distribution of royalties, as well as fostering the development of future music creators through workshops, seminars, networking opportunities and other activities. HMS operates as a non- profit-making organization with the sole mission of bringing together the people who create music with the people who play music, as economically and efficiently as possible. Like any organization, HMS has to pay bills: salaries, rent, office supplies, collection expenditure, professional fees and all of the other necessary operating expenses. It is however the aim of the society to achieve an administration rates of under 25% over the next three years, by maintaining its current expenditure level and by increasing its collections from licen
