Africa’s largest authors’ society, the South African Music Rights Organization (SAMRO), has reported a fall in license and royalty revenue for its financial year ending June.
- Sales of physical formats are falling rapidly because of competition from both unauthorized and licensed online music services. Although sales of music subscriptions are on the up, the growth rate is not yet sufficient to offset declines in buy-to-own formats.
Features and Benefits
- Details the latest financial results for South African authors' society SAMRO.
- Assesses the different revenue streams and explains why some were up and others fell.
Key questions answered
- What is the biggest revenue source for South African authors?
- What was the reason SAMRO pulled its backing of a new collection society in the UAE?
Table of contents
Tough economic conditions and investment write-offs dent SAMRO revenue
Broadcasting receipts affected by SABC financial troubles
Economic difficulties dent general licensing income