Tuesday, 13 January 2009
Samro Annual Distribution
According to several reports, 6177 music writers and publishers shared in a R56,8m ($5.6m) payout from The Southern African Music Rights Organisation (Samro). Samro earned that amount through investing royalties that it collected in its past financial year for composers, publishers and heirs to deceased composers estates, who now qualify to share the amount. The annual payout is over and above the performing rights royalties that members receive. Royalties were held in trust by the organisation while playlist usage details were worked out and royalties attributed to the correct person.