SA Artist Royalty Payments to be made by SABC
SA artist royalty payments will be paid by the SABC to local independent record labels. These SA artist royalty payments will reportedly be in the millions.
According to AIRCO (the Association of Independent Record Companies) local independent record labels that manage and produce local artists like Dan Nkosi, Nathi, Babsy Mlangeni, Zahara, Don Laka, Khuli Chana, and Sipho Makhabane will all be on the receiving end of SA artist royalty payments.
The record labels will now begin claiming royalty payments for all of the music videos played on the SABC’s TV channels.
This move is legitimised by the a distribution agreement signed by the SABC and AIRCO back in 2011.The agreement ensures royalty payments for all of the music videos aired by the South African Broadcasting Corporation.
“It is a historic milestone that marks the dawn of a new era, because it gives back to the proudly South African independent companies the right to have full and direct access to their economic benefit. This is a phenomenal return on our investments that will empower us to grow our businesses. In turn, we shall be able to give more to the artists.” said Dodo Monamodi, AIRCO Chairperson
The same chairperson is also adamant that every record label that received royalties in 2011, 2012, and 2013 should make sure to pay the artists featured in the music videos
The agreement signed between AIRCO and the SABC is a good move for local artists which will see them remunerated via royalties for the work that they do.
The payments that the local record labels will be receiving will contribute to their growth and also the profitability of the artists that they have signed. AIRCO represents a few local record labels such as C9ine Records, Goodlife Maphelo Records, Oskido Entertainment, RT Records, and Worship House.