Zuko Komisa

SAMRO payouts to music creators for 2024 are estimated at R242m.
SAMRO announced that payouts to music creators for 2024 are estimated at R242m saying that this outstanding achievement demonstrates its steadfast dedication to improving the financial security of its members and promoting the general well-being of the music business.
The largest licensing revenue, according to SAMRO, is mostly attributable to the collective management organization.
The radio and general (R&G) category for the year 2024 is 62.42% more than the previous high of R147m given in the 2023 fiscal year.
SAMRO shared that they have negotiated and obtained more extensive license deals with radio stations and other music consumers.
“The proactive approach in expanding and enhancing licensing deals has broadened the scope of music usage rights and ensured that many music creators benefit from the royalties collected, prudent expenditure management, improved operational efficiencies and cost-saving measures enabled more of the collected revenues to be available for distribution to rights holders. SAMRO’s diligent research and documentation of compositions have also significantly improved identification rates, now averaging 99.5%.”

SAMRO also announced that due to members updating their banking details, SAMRO has successfully distributed R13.9 million in unclaimed royalties for FY2024, compared to R9.4 million in FY2023.
READ NEXT: Nasheet Waits on The Jazz Standard



