Subsidiary companies

Armonia - SIAE participates in the European Economic Interest Group (EEIG) "Armonia" (established in April 2013) with the purpose of simplifying the issue of pan-European licences by means of a single hub for the use of the protected repertoires complying with the principles of transparency and efficiency required in the directive 2014/26/UE on collective management of rights. Membership dues for the financial year 2019 amount to € 1.143.406.

Fast Track (F.T. the digital copyright network) - is a simplified joint stock company of which SIAE holds 9.84% of the shares for a total value of € 3,642. The statutory objective is to connect the databases of the various companies making them interoperable. F.T. is a technology supplier that creates solutions for the benefit of partners and the CISAC community, aimed at improving the management of copyright in terms of information accuracy and exchange speed.

RAI and MEDIASET - SIAE holds RAI shares for a book value equal to € 130,887 and a nominal value equal to € 1,071,100 (0,44% of the related share capital). SIAE also holds Mediaset shares (0,0006% of the related share capital) for a nominal value and a book value of € 3,615.

BIEM - SIAE is Vice-President of BIEM (Bureau International des societes gerant les droits d'Enregistrement et de reproduction Mecanique – The International Bureau of Societies Managing Recording and Mechanical Reproduction Rights), an organization based in Paris, composed of 51 companies representing 120 countries in the field of mechanical reproduction rights and whose main purpose is to ensure the recognition and effective protection of these rights through the negotiation of standard contracts with the IFPI (International Federation of the Phonographic Industry), which represents the phonographic industry, to establish the conditions of use of the repertoires managed by the Authors’ Societies. It is also responsible for ensuring technical collaboration among its members. As a non-governmental organization, BIEM represents and defends the interests of its member companies in international institutions. SIAE owns a share (€ 15.24) of the share capital (€ 411) of B.I.E.M..

Cf. Transparency Report 2019