TheSouthern African Music Rights Organisation (SAMRO) has achieved a key milestoneby successfully distributing R22 million in accumulated unclaimed royalties tomembers who had outdated or incorrect banking information. The project to track and trace members whoneeded to update their banking details commenced in April 2021.
SAMRO CEO, Annabell Lebethe, saysthat the organisation embarked on a large-scale process to contact thousands ofmembers to request that they update their banking details. The initiative was further enhanced by thelaunch of the digital unclaimed royalties platform in November 2022 to enablemembers to check if they have accumulated royalties because of outdated bankingdetails. The platform allows members toupdate their banking details in order to receive their payouts. To date, the project has achieved a totaldistribution of R22 million.
SAMRO is committed to achievingoptimal business operations and enhancing member distribution throughefficiency and effectiveness. In orderto ensure accuracy and transparency, SAMRO strongly encourages all members toregularly update their banking details and closely monitor the UnclaimedRoyalties platform on the SAMRO website to check if they have accrued royaltiesdue to them. “It is worth noting that 1011 members have already engaged withthe digital platform and 32% of those members have successfully updated theirbanking details in the last six months, resulting in a significant improvementin the organisation's ability to pay members with accrued royalties. Of the 1011 members, 68% are yet to submittheir updated banking details and we urge them to do so to finalise theprocess” said Annabell Lebethe.
For information on SAMROUnclaimed royalties, please visit the SAMRO website athttps://www.samro.org.za/. Members can easily log in to the digital platform tocheck if they have royalties due to them and complete the verification processat https://unclaimedroyalties.samro.org.za/.
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