Wednesday, July 17, 2024

COSOMA: Malawi Musicians to Share Half a Billion Kwacha in Royalties

Zeze Kingstone

If the notion of being a musician in Malawi merely evoked notions of amusement and waste of time, it is imperative to recalibrate such perceptions, as the Copyright Society of Malawi (COSOMA) has disclosed that it will allocate K279 million in Blank Levy Royalties to its affiliated musicians, encompassing productions from the preceding year.

Augmenting this substantial disbursement, K139 million will be apportioned to literary authors and publishers, while an additional K87 million has been earmarked for filmmakers, culminating in a cumulative sum surpassing half a billion Kwacha.

In a statement, COSOMA underscored its intention to bestow certificates of acknowledgment upon 54 musicians, whose artistic endeavors have yielded royalties exceeding the noteworthy threshold of K1 million.

The formal acknowledgment ceremony is slated for January 17, 2023, unfolding its grandeur at the Crossroads Hotel in Lilongwe. This event stands as a testament to the burgeoning recognition and support accorded to Malawian artists, transcending the erstwhile perception of musical pursuits as mere frivolity.



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