Latest news with #Samro
The Citizen
a day ago
- Entertainment
- The Citizen
St John's College Sixth Form composer's work brought to life by KZN Philharmonic
St John's College Sixth Form composer Kabir Budlender views orchestral music as a vehicle for narrative and cultural representation. His latest A Level composition, Cultural Confluence, was recently selected for the KwaZulu-Natal Philharmonic Orchestra's prestigious 2025 New Music Workshop, under the baton of Maestro Chad Hendricks. Read more: Emerging South African music entrepreneurs graduate from Samro programme The opportunity brought Kabir to Durban, and into conversation with professional musicians, fellow composers, and the conductor in an open, collaborative setting at The Playhouse Company. 'As an aspiring composer, being able to hear your musical themes played live is really where the magic of composition happens,' said Kabir, 'and to be able to convey these distinct musical traditions and narratives has been an absolutely transformative experience. I am so thankful to my composition mentor, Mr Liebenberg and my peer, Michael Jeong, in helping me realise my vision for this composition.' He added that he looked forward to continuing to refine his craft and hoped to perform this composition, and many more, in the future. The workshop process was more than a rehearsal; it was a chance to learn through direct engagement, as Kabir received feedback on both technical and interpretive aspects of his work, evolving the piece. The dialogue between composer and orchestra deepened his understanding of how written music translates to performance, shaping his final A Level submission, and opening possibilities for future performances. Cultural Confluence is an eight-minute programmatic suite in three movements, drawing on folk tales and musical traditions from South Africa, China, and North America. Each section weaves a distinct narrative through themes that echo the musical idioms of each region. The St John's College Sixth Form composer's work explores how composition can be a form of storytelling, which connects different cultures and traditions through music. Follow us on our Whatsapp channel, Facebook, X, Instagram and TikTok for the latest updates and inspiration! At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Zawya
20-02-2025
- Business
- Zawya
South Africa: Samro reports record revenue growth and lowest cost-to-income ratio in a decade
Samro has achieved historic financial growth, recording the highest-ever revenue and the lowest cost-to-income (CTI) ratio in a decade. This financial growth positively benefits members by ensuring higher royalty distributions and fairer compensation. The continued focus on financial sustainability and operational efficiency reinforces the organisation's commitment to maximising member earnings while strengthening long-term stability. At its 2024 Annual General Meeting (AGM) held on 5 December, Samro announced a significant 15.2% increase in Total Company Licence Revenue, rising from R593.7m in 2023 to R683.8m in 2024. This growth is driven by diversified licensing that has unlocked new revenue streams and reinforced Samro's commitment to maximising value for its members. Additionally, new business contributed R35.9m in total revenue, reflecting a 32.5% year-on-year increase, while digital revenue, a key growth area, surged by 56.3%, highlighting a marked shift in music consumption behaviour. For the 2023/2024 financial year, Samro achieved a record-high distribution of R429m to its members, representing a 63.8% increase from the previous year. The increased revenue resulted in an increase of 12.5% in the distribution expense (royalties available for distribution in 2025). Samro's commitment to financial efficiency has resulted in the lowest cost-to-income ratio in a decade, dropping to 22.9% in 2024 – a 2.1% decrease from the previous year and continuing a steady downward trend towards the organisation's 20% target. By streamlining and optimising processes, Samro has been able to maximise royalty distributions while reducing overhead expenses. As a result, a greater portion of revenue is directed back to music creators, leading to higher royalty payouts and ensuring enhanced financial stability for members. "This accomplishment underscores our unwavering commitment to optimising cost-effectiveness and implementing prudent financial strategies. Seven years ago, the CTI ratio stood at 40% and reducing it to 22.9% demonstrates our steadfast dedication to ensuring that more royalties go directly to members,' says Samro CEO Annabell Lebethe. This strong financial performance and commitment to efficiency lay the foundation for Samro's ambitious future growth strategy. 'We have revised our strategic targets, increasing our revenue goal from R1bn to R1.2bn by 2028. We aim to distribute R1bn in royalties to our members by that period, and achieving this requires continued strategic investment in technology and process efficiencies to enhance revenue collection, streamline royalty distributions and expand our licensing footprint to unlock new revenue streams,' explains Lebethe. 'While these financial milestones are worth celebrating, we remain steadfast in our commitment to increasing value for members and reinforcing our role as an advocate for music creators,' concludes Lebethe. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
