To save costs, the current management team of the SGAE has decided to unify its digital platforms, currently scattered in the network, and rationalize the costs occasioned by the presence of the SGAE outside Spain. Hence, it has been decided to close the headquarters of Shanghai and New York. The latter, which had a staff of 8 people, will be on sale, which will lead to new revenue to partners. A new Office in Miami at the same time, opens an Office with two employees in Miami, consider this city the center of Latin musical and audiovisual production. The sale of eight abandoned premises, without using, possessing the SGAE in Spain, joins the saving measures, together with the termination of external services related to technical advisories, which have been undertaken internally, optimizing the provision of the personnel of the organization. In addition, it has been decided the alienation of the theatres that the artery network, driven by the ancestor of Reixa, Eduardo Bautista, had in Argentina and Mexico, and transfer for its exploitation Theatre Paral-lel in Barcelona. The SGAE will lease recording studios that Fundacion Autor and SGAE have in Madrid, lease that Lope de Vega and Coliseum, shall extend also to the theatres in the heart of Gran Via.
The implementation of the rescue plan will ensure in these times of crisis, a major cast members, as well as the financial solvency of the SGAE and Fundacion Autor, emphasizes the entity in its communique. But the adjustment will continue in 2013, year in which other measures that follow the objectives of absolute transparency of the new SGAE, especially for partners. Therefore, access to the information on the remuneration of Directors and executive staff and the minutes of their meetings will be regulated. Forms of payment of entitlements will also be improved. See more: La SGAE lowers salaries to directors and executives, closed two of its headquarters and sells theatres