A significant milestone has been reached in the Namibian music industry, with Nascam's recent announcement of a 10% growth in royalty distribution for 2024. This is a cause for celebration and a sign of progress, but it also raises some intriguing questions and challenges.
Nascam, the Namibian Society of Composers and Authors of Music, has declared a total gross payout of N$2.53 million, with an impressive 52% of the net amount going to international music societies. This distribution cycle, concluded in December 2024, reflects the organization's commitment to ensuring creators are fairly compensated for their work, both locally and globally.
After statutory allocations, Nascam confirmed a net distributable amount of N$2.127 million. The breakdown of this sum is as follows: N$253 000, or 10%, was allocated to the Nascam Members Social and Cultural Fund, and N$150 000 was set aside as undistributed royalties. This demonstrates Nascam's dedication to supporting its members and fostering a vibrant music community.
Ferdinand Gertze, the acting chief executive of Nascam, commented on the improved figures, stating, "The growth in our 2024 royalty distribution is an encouraging sign for the local music industry. It shows that we are making strides in strengthening collections and improving returns for our members. While there is always room for improvement, this growth reflects a positive shift and a renewed belief in the collective management system."
The net distribution was divided between local Nascam members and international societies. International rights holders received a substantial N$1 098 462.68, accounting for 52% of the net amount, while local Namibian composers and authors received N$1 028 537.02, or 48%. This distribution highlights the ongoing imbalance and the need for further support for local music.
Gertze acknowledged this imbalance and emphasized the importance of promoting Namibian music across various platforms. He stated, "If we want to see more royalty income flowing back to local creators, we need the support of broadcasters, venues, and music users. Prioritizing Namibian content on radio, television, and live performances can make a significant difference in growing the local share."
The Nascam board, while celebrating the overall improvement, has appealed to local music users to help address this imbalance. They believe that by actively promoting Namibian music, we can create a more sustainable and thriving creative sector in Namibia.
Nascam remains committed to transparency and engagement with its members. They recognize that sustained collaboration across the industry is crucial for long-term growth and the success of Namibia's creative community.
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