On April 20, 2022, a meeting of the General Assembly of PROPHON was held

27 April '22

At the event, held on April 20, 2022, the Annual Reports of the Board of Directors and the Advisory  Board, as well as PROPHON’s budget for 2022 were presented and adopted.

Next, in accordance with the regulatory requirements, the candidacies of the new members of the Board of Directors and the Advisory Board of PROPHON, whose mandate is 3 years, were voted. The new structure of the two councils is as follows:

Board of Directors, Producer Interest Quota:

• Virginia Records Ltd. - represented by Stanislava Armoutlieva
• Orpheus Music Ltd. - represented by Kiril Velichkov
• Universal Music Romania SRL - represented by Stanislav Zahariev
• Ara Music Ltd. – represented by Viktor Kasamov

Board of Directors, Performers Interest Quota:

• Velislav Stoyanov
• Krasimir Todorov
• Ruth Koleva
• Aleksandar Obretenov

Board of Directors, Balanced Interest Quota:

• Rosen Stoev

Advisory Board:

• Vasil Rusev
• Mega Music Ltd. – represented by Dora Black-Hempler
• Ventsislav Mitsov

In addition, in accordance with the provisions of the Bulgarian Copyright and Neighbouring Rights Act (BCNRA) and PROPHON’s statute, the organization creates and administrates funds with cultural, social and educational purposes to support the activities of the right-holders it represents. In this regard, the reports of the Bulgarian Association of Music Producers (BAMP) and the Bulgarian Music Association (BMA) on their activities under the funds allocated for 2021 were presented and adopted, after which the General Assembly distributed another 300 000 BGN to the same two organizations (150 000 BGN each) from the 2022 funds.