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"id": 1239100,
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"type": "speech",
"speaker_name": "Sen. Crystal Asige",
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"content": "In the Statement, the Committee should- (1) Provide a detailed breakdown of monies collected as royalties on behalf of musicians in the last five fiscal years, including information on the sources of revenue and the specific amounts collected. (2) Confirm whether the organisations distributed at least 70 per cent of the collected royalties to their members as mandated by their governing rules, tabling comprehensive statements of account for the last five years that demonstrate this distribution. (3) Apprise the Senate on existing mechanisms that allow for independent auditing of financial records of MCSK, PRISK and KAMP to ensure transparency and accurate distribution of royalties. (4) State measures, if any, that KECOBO has put in place to ensure that MCSK, PRISK and KAMP are operating with valid licenses, confirming the status of these licenses, if any. (5) Lastly, cause investigations on concerns from songwriters, musicians, producers, and other creative artists on the state of their interests not being properly served despite being members of the aforementioned. Disclosing plans, if any, to ringfence their earning across various platforms and improve communication with members to address these concerns. Thank you."
}