ECCO unable to pay royalties on schedule

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ECCO unable to pay royalties on schedule

(CMC) – The Eastern Caribbean Collective Organisation for Music Rights (ECCO) says it is unable at this time to make any payment of royalties to its members that was scheduled for the final quarter of 2017.

‘Several reconciliation actions must be completed before any such distributions can be made and the reality is, the process has been well established and cannot be bypassed,” ECCO Chairman, Martin James, in a video posted on social media.

James said the process is likely to be completed by January 10, 2018 following which payments can then be processed by month end.

‘This unfortunate occurrence is unavoidable at this time and as such, the board would like to assure all its members that measures are currently being implemented to ensure that this is never repeated,’ James said.

Earlier this month, ECCO announced the dismissal of the chief executive officer, Steve Etienne, following an investigation into the financial operations of the organisation.

In October, Etienne, who had been involved with ECCO for nearly two decades, was sent on 30 days leave while a detailed review of the operations was undertaken.

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3 COMMENTS

  1. ECCO needs to ensure that its Board of Directors contains highly qualified business and financial professionals. While it is necessary for artists to have some representation on the board, the current situation where the Board consists of MAINLY artists is unsustainable.

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  2. I am a kittisian-Nevisian reside in the U.S. since 1979, became a writer-publisher member under BMI, the largest performing rights society in the world.

    28 january 2015, i attended an ECCO event, which the society tried to attract more membership by educating the attendees. Unfortunately, it has not worked or working for ECCO because they are competing with other societies that do not charge a fee to join as a writer member.

    the approach of ECCO is counterproductive and must be revamped immediately. there are other reasons for the delay in payments., so the board members are scrambling because their salary expectation is decling for the lack of membership. Caribbean artistes are joining other societies or choose not to spend the money or cannot afford to join, when many do not want to assume the financial risk, their songs may never earn any money in royalties' payment... Catch 22.

    25 years ago, we at Love Groove Music Publishing Company BMI USA have established a performing rights society name for the west indies/africa combined but not yet implemented.

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