today, the Copyright Music Organisation will distribute royalties
to its members amounting to $1,677,076.76, the sum representing
broadcasting and general licensing fees collected on their
behalf for the year 2005, as well as royalties remitted by
Cotts regional and international affiliates.
The payment for broadcasting and general royalties amounts
to $1,477,206.54 representing an increase of 10.58 per cent,
compared against distributions made last year in this same
The balance of $199,870.22 represents royalties remitted from
affiliated music rights organisations in respect of broadcasts
and performances of Cott members music overseas.
Distribution in relation to broadcasting royalties amounts
to $582,145.47, an increase of 31 per cent when compared with
$443,694.72 paid last year to members.
General royalties (collections from concerts, fetes, restaurants,
bars, clubs, business places, DJs, etc) accrued $895,061.07,
a slight increase above last years $892,211.25.
The figures quoted refer only to royalties due to Cott members.
Royalties for foreign affiliates will be remitted in August.
This is Cotts second distribution to members in 2006.
Already, members received royalties last February amounting
to $176,007.27 in relation to foreign receipts and recording
rights for the period July to December 2005.
In all, Cott distributes royalties four times per year.