A big win for many artists and a little for some.
As the year draws to an end, Namscam does one of its most important duties which is paying out royalties to music composers.
Speaking to unwrap.online, the CEO John Max says this year, the highest-paid artist will receive a whooping N$ 30 000 and the least paid artist to walk away with N$ 1.36. Max further said that over 50% of the artists have received their payments.
” We will continue until next week. There are those that are smiling widely as they received good royalties and there are those who will be unhappy but it all depends on what Nascam has received in terms of the usage of the songs and the funds we have received from NBC, ” he said.
Explaining how the payments are made, Max said the funds are divided so that each individual who contributed to the song gets their shares.
“The rate was at N$ 5.46 per songs and that will be divided into 3 shareholders, authors, composers and publishers and if the song is written and composed by 2 to 3 artists then they share that N$5.46 and it will be scales down to N$1.36. But if it is one men or women song then everything will go to the one owner, ” he said.
The CEO, in a public statement, recently aired his concerns over the slashing and tremendous cut in the beaming of the Namibian Broadcasting Corporation programs as he puts it saying:
“7900 registered songwriters and composers that are directly benefitting from the music royalties received from the NBC. This semi blackout will severely affect their creativities assets (music) to enjoyed airplay in order to generate Royalties which form an income for their families and wealth. They may be forced to become counter-productive and resort to unbecoming means of soliciting bread on their tables.
NASCAM therefore, patriotically calls upon our government to revisit this decision of starving the NBC of funding and to also become more innovative, creative and visionary in identifying ways, means and devices of sourcing additional funding for the operations of the NBC, ” read the statement.