Kenyan artists now have all the reasons to smile after members of Parliament on Wednesday passed the Copyright (Amendment) Bill, 2021.
This means artiste will now get the lion's share of revenue generated from their ring-back tones.
The Bill sponsored by Homa Bay Woman Rep Gladys Wanga provides that the artiste get 52 per cent of revenue generated from their ring-back tones.
This means that for Sh1.50 payment per day for Skiza tune, the artists will pocket Sh0.92 being a sum of Sh0.78 being 52 per cent artist share and Sh0.14 being 9 per cent of the exercise benefit to the artist.
Telecommunication companies and KRA will each pocket 16% of the Skiza revenue while PRSPs will pocket 9% of the revenue.
currently, artistes receive only 16 per cent of the revenue generated from their Skiza tune. 25 per cent goes go to KRA and 51 per cent retained by the telecommunication company.
The bill is now waiting to be signed into law by President Uhuru Kenyatta.