ECCO, the Eastern Caribbean Collective Organisation for Music Rights has announced a delay in the payment of royalties to its members.
The announcement was made by ECCO Chairman, Martin James, in a video posted on YouTube.
James said the Board of Directors would like to sincerely apologise to members for the delay in payment 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,’ he explained.
According to the ECCO Chairman, this process is estimated to be completed by January 10, 2018, following which payments can then be processed by the end of that month.
‘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 stated.