The Southern African Music Rights Organisation (SAMRO) has announced that its royalty distribution figures grew significantly between July 1st, 2009 and June 30th, 2010.
The Johannesburg-based organisation also reported a substantial increase in group gross income – by R31.7 million or 9% - for the same period.
The Johannesburg-based organisation also reported a substantial increase in group gross income – by R31.7 million or 9% - for the same period.
These figures were announced at SAMRO’s AGM held on November 26th at SAMRO Place and attended by a substantial number of members. The report, which is available for public viewing on SAMRO’s website (www.samro.org.za), was audited by Ernst & Young Inc.
Annette Emdon, Chairman of SAMRO’s Board, said “It is especially gratifying to report such strong income and distribution figures during a period that was defined by the global economic crisis.
“As the Board and management, we are also very pleased to report that SAMRO’s operating costs were kept contained – again not an easy task given the macro circumstances that prevailed during the year under review. But we are gratified that a concerted cost containment programme implemented by SAMRO’s management team over the past year is showing real benefits - and addresses an area of concern for some members.”
Emdon said she was particularly pleased to report that out of the group licence and royalty income increase of R26.8-million (8.8%), the amount that was available for music rights distribution increased by R19.9-million (7.9%). “This means that our member earned increased royalties over the same period the year before.”
SAMRO members number 10,087 in total, spread across individual rights holders and entities like publishing companies. The period under review also saw a significant proportion of SAMRO’s membership participating in this year’s royalty distributions, with a total of 7 012 SAMRO members and 105 Affiliated Societies earning royalties during the year under review (compared to 2009 when 6 637 SAMRO members and 100 Affiliated Societies earned). To earn a royalty in a specified period, SAMRO’s performing and mechanical rights members have to have had works that are active - that is broadcast, performed publicly, transmitted by diffusion or reproduced by music users.
There’s more good news for SAMRO’s members before 2010 ends.
SAMRO’s annual Non-Royalty Revenue distribution will be undertaken on December 10th. The amount available for NRR in the period under review is R39,7-million showing a 0.4% increase over the previous period. “While this performance is not directly attributable to management activity, this again shows that SAMRO has been able to either hold its ground or show increases during what has been a particularly trying period for the global economy,” says Emdon.
Emdon underscored SAMRO’s ability to grow in difficult economic times by pointing to the report of the International Confederation of Societies of Authors and Composers (CISAC) that the collections of all CISAC member societies globally showed a growth of 2.5%. “Although emanating from a low base, collections in Africa, where SAMRO is a compelling force, grew by 4.9%.”
For the full SAMRO Annual Report go to www.samro.org.za.
Annette Emdon, Chairman of SAMRO’s Board, said “It is especially gratifying to report such strong income and distribution figures during a period that was defined by the global economic crisis.
“As the Board and management, we are also very pleased to report that SAMRO’s operating costs were kept contained – again not an easy task given the macro circumstances that prevailed during the year under review. But we are gratified that a concerted cost containment programme implemented by SAMRO’s management team over the past year is showing real benefits - and addresses an area of concern for some members.”
Emdon said she was particularly pleased to report that out of the group licence and royalty income increase of R26.8-million (8.8%), the amount that was available for music rights distribution increased by R19.9-million (7.9%). “This means that our member earned increased royalties over the same period the year before.”
SAMRO members number 10,087 in total, spread across individual rights holders and entities like publishing companies. The period under review also saw a significant proportion of SAMRO’s membership participating in this year’s royalty distributions, with a total of 7 012 SAMRO members and 105 Affiliated Societies earning royalties during the year under review (compared to 2009 when 6 637 SAMRO members and 100 Affiliated Societies earned). To earn a royalty in a specified period, SAMRO’s performing and mechanical rights members have to have had works that are active - that is broadcast, performed publicly, transmitted by diffusion or reproduced by music users.
There’s more good news for SAMRO’s members before 2010 ends.
SAMRO’s annual Non-Royalty Revenue distribution will be undertaken on December 10th. The amount available for NRR in the period under review is R39,7-million showing a 0.4% increase over the previous period. “While this performance is not directly attributable to management activity, this again shows that SAMRO has been able to either hold its ground or show increases during what has been a particularly trying period for the global economy,” says Emdon.
Emdon underscored SAMRO’s ability to grow in difficult economic times by pointing to the report of the International Confederation of Societies of Authors and Composers (CISAC) that the collections of all CISAC member societies globally showed a growth of 2.5%. “Although emanating from a low base, collections in Africa, where SAMRO is a compelling force, grew by 4.9%.”
For the full SAMRO Annual Report go to www.samro.org.za.
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