CAPASSO - Newsletter Issue 9/2019
CAPASSO welcomes new Chairman
It is our pleasure to announce that following the 1st half a decade of operations,
CAPASSO has now entered a new dawn with the appointment of Leslie Sedibe as its new Chairman of the Board.
He takes over from Adv. Nick Matzukis who has helmed the organisation from inception until the expiration of his tenure at the end of the previous financial year. We would like to thank Nick for his tireless commitment to the organisation and its members, his contribution to the growth of the organisation is truly immeasurable. Under his tenure, CAPASSO grew mechanical rights collections into a thriving business with the final year of collections surpassing R100 million.
Under Sedibe’s stewardship, CAPASSO is confident that we will continue the same growth trajectory. Sedibe is a businessman with an indelible record within the entertainment business. He holds BA, LLB, and LLM (tax) degrees from the University of the Witwatersrand and has previously served as Chief Executive Officer of Proudly South Africa from 2011 until 2016. In 2009, he was appointed a director of the interim board of
directors of the SABC and in 2010 was appointed a director of the World Cup organizing committee.
The Chief Executive Officer of CAPASSO, Jotam Matariro mentioned that it was a challenge trying to get the right candidate as we were looking for a candidate with the right mix of academic qualifications, business savvy and legal expertise to lead the CAPASSO Board in line with the current CAPASSO Africa growth strategy.
Money in the bank
1st financial year distribution
We’ve collected them for you, we’ve crunched them for you, and we’ve distributed to you!
The numbers are in, and true to form CAPASSO is proud to announce a successful 1st financial year distribution which has seen over R12 million in royalties distributed to its members in the 2019 September distribution period.
The past five years CAPASSO has seen an exponential increase in revenue collections year on year since incorporation in June 2014. However, notwithstanding the current economic challenges, CAPASSO has seen significant growth in many of our licensing areas, particularly in the digital environment and this distribution sees a continual increase in this trend.
Distribution Breakdown :
The CAPASSO September 2019 Distribution comprises two components namely; digital and broadcast.
The Broadcast Distribution component saw over R 4 million royalties being distributed to members. This figure was on the back of over 80% of cue sheets being received from the SABC.
It's no secret that the South African Broadcasting Corporation (SABC) has recently been going through some operational difficulties. During September the public broadcaster was given an R3.2 billion lifeline by the national treasury. However, the effect of this on CAPASSO members has been minimal. Accordingly, we would like to commend public broadcaster on their continued commitment to ensuring that CAPASSO members are compensated for their rights.
The digital component saw over R10 million in royalties being distributed to members. The Digital Distribution includes royalties distributed for the popular streaming service Apple Music which was over to R 4 million.
Over the past couple of years, CAPASSO has strategically ensured the accurate and increase in royalties distributed to members in South Africa and across the African continent.
In line with this, we have concluded multiple bilateral agreements with various African and international collecting societies.. Going forward our paramount aim is to ensure that all usage reports and payments are received from music users, distributions are carried out timeously and that the data processed is accurate.
Should you require more information about please feel free to contact
us at email@example.com or call 011 447 8870.
Have you paid your Annual Membership
Fees for 2019?
Our membership department is urgently requesting all members to pay their annual
membership fees by the 31 October 2019.
A reminder of Annual Membership Fees :
R100 for composers and
R250 for publishers.
Why should you pay your membership fees for 2019?
1. The payment of annual membership fees allows members to enjoy full membership benefits of CAPASSO.
2. The ability to attend and vote at our Annual General Meeting which will be taking place on the 3rd of December 2019.
Should you require some more information,
please contact firstname.lastname@example.org.
Note from Business Affairs:
Notification of Works
Our Business Affairs Team would like to inform all members to notify all active works by the 8th November 2019.
The list active works can be found on the link below :
Rights Holders are to identify their works and thereafter submit the completed Notification of Works to email@example.com.
We emphasis the importance of notifying works by the above-mentioned date, as this will enable the team to process the notifications timeously in order for it to be included in the December 2019 Digital distribution.