Thursday, February 25, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Entertainment Entertainment News

Licencees owe Cosoma K10m

by Albert Sharra
05/02/2014
in Entertainment News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Licencees owe the Copyright Society of Malawi (Cosoma) over K10 million accumulated between 2012 and 2013, The Nation has established.

A report issued during the recent Cosoma AGM indicates that some institutions that are licensed by the copyright body have defaulted on payment between July 2012 and June 2013.

RelatedHeadlines

The return of Janta

Spotify beckons local artists

Censorship Board acts on ‘Aunt Nellie’ videos

The report indicates that the licencees include radio stations, public performance, reprography and mechanical rights.

Despite that the report lacks credibility in some areas, especially on how much was invoiced and collected, it is clear that over K10 million remains in the hands of licencees.

Of the four categories, the report shows total invoiced and collected on only public performance and reprography.

It does not show how much was collected from radio stations which were invoiced K27 422 440 (about $68 556) for their use of music or how much was invoiced for mechanical rights users from where K11 500 720 (about $28 751) was collected.

The association invoiced K22 030 800 (about $55 077) and K11 109 235 (about $27 773) to public performance and reprography users and collected K16 121 800 and K7 500 000 respectively.

In total, Cosoma invoiced K72 063 195 and collected K62 544 960, which leaves a balance of K10 518 235.

In an interview, Cosoma senior licensing officer Rosario Kamanga admitted that the statutory body, which holds and administers copyright on behalf of artists, is owed huge sums of money by licensees.

“It is true that licencees owe us huge sums of money. But this cannot be avoided because the licence periods are different. Others have paid for 2012 period while others for 2013 and in different months. There are cases when some licencees stay for years without paying us, for example, MBC, but they do eventually pay at once,” he explained.

According to the report, Cosoma paid royalties amounting to K35 984 685 (about $90 000) and Kamanga says of the total collected, 30 percent is retained by Cosoma for administration while 16 percent is government tax.

Previous Post

Music without producers

Next Post

Valentine with Sunbird hotels

Related Posts

Janta: I am celebrating 
love in general
Entertainment News

The return of Janta

February 25, 2021
Lawi | The Nation Online
Entertainment News

Spotify beckons local artists

February 25, 2021
Vokhiwa | The Nation Online
Entertainment News

Censorship Board acts on ‘Aunt Nellie’ videos

February 24, 2021
Next Post
We need someone with strong personality

Valentine with Sunbird hotels

Opinions and Columns

In pursuit of development

The Chinese approach to network-building

February 25, 2021
Business Unpacked

Back to the drawing board on budget

February 25, 2021
Rise and Shine

How do successful people think?

February 25, 2021
My Thought

Malawi needs fixing, not politicking

February 21, 2021

Trending Stories

  • Co-chaired the task force: Phuka (L) and Mwanamvekha

    K780M Dodma Covid-19 feast

    0 shares
    Share 0 Tweet 0
  • Censorship Board acts on ‘Aunt Nellie’ videos

    0 shares
    Share 0 Tweet 0
  • Bushiri’s daughters blocked from flying out

    0 shares
    Share 0 Tweet 0
  • Inside k6.2bn

    0 shares
    Share 0 Tweet 0
  • Student’s rape case attracts CSOs attention

    0 shares
    Share 0 Tweet 0
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.