Music Revenue Plan

Introducing NASASA FC’s innovative Song and Album Revenue Account Structure—a groundbreaking financial solution designed for contributors in the music industry. Rooted in Stokvel principles, this platform revolutionizes revenue management, ensuring fairness, transparency, and efficiency.

Integrated with streaming platforms, it allows real-time revenue collection and automated splitting, empowering artists and contributors like never before. NASASA FC brings financial innovation to the world of music, fostering collaboration and equity in revenue distribution. Welcome to a transformative era for music creators, where NASASA FC redefines the landscape of financial empowerment.

NASASA FC Song and Album Revenue Account Structure

1. Central Account:

Purpose: Administration of proceeds from songs and albums.
Operation: Managed by NASASA FC.
Contributors: All contributors’ portions are pooled into this account.
Withdrawals: Authorized contributors can request withdrawals.

2. Song Sub-Accounts:

Purpose: Individual sub-accounts for each song.
Operation: Linked to the Central Account.
Contributors: Limited to contributors of the respective song.
Withdrawals: Contributors can access their predefined revenue share upon request.

3. Album Sub-Accounts:

Purpose: Individual sub-accounts for each album.
Operation: Linked to the Central Account.
Contributors: Inclusive of all contributors to songs within the album.
Withdrawals: Contributors can withdraw their agreed-upon portion upon request.

4. Revenue Splitting:

Pre-determined: Agreed upon in contracts for each song and the overall album.
Transparency: Clearly defined revenue splits visible in each sub-account.
Automated: System automatically allocates proceeds based on predetermined splits.

5. Streaming Platforms Integration:

Attachment: Each song and album sub-account linked to respective songs on streaming platforms.
Collection: System collects revenue directly from streaming platforms.
Real-time Updates: Revenue updates in sub-accounts in real-time as streaming proceeds are received.

6. Withdrawal Process:

Authorization: Withdrawals require contributor authorization.
Request: Contributors initiate withdrawal requests through the digital platform.
Verification: Identity and authorization verification for withdrawal processing.
Timeliness: Withdrawal processed within a stipulated timeframe.

7. Stokvel Principles:

Community Participation: Contributors form a community within NASASA FC.
Equality: Equal and fair distribution of proceeds among contributors.
Democratic Control: Contributors have control over their individual sub-accounts.
Mutual Aid: System supports mutual aid through transparent revenue distribution.

8. Financial Prudence:

Risk Management: Robust risk management to protect contributors’ interests.
Audit Trail: Detailed audit trail for all transactions and withdrawals.
Compliance: Adherence to legal and contractual obligations.

9. Technology Integration:

Digital Platform: Entire structure operates on a secure digital platform.
Accessibility: Contributors can monitor and manage their accounts online.
Security: Stringent security measures to safeguard financial data.

Step-by-Step Process

1.Song/Album Registration: Contributors and songs/albums are registered on the NASASA FC platform.

2.Contract Agreement: Contributors and NASASA FC agree on revenue splits for each song and the overall album.

3.Streaming Platform Linking: NASASA FC links each song and album to streaming platforms for revenue collection.

4.Revenue Collection: Streaming platforms directly deposit revenue into the Central Account.

5.Automated Splitting: The system automatically splits revenue according to pre-determined contracts.

6.Real-time Updates: Contributors receive real-time updates on their sub-accounts for streaming revenue.

7.Withdrawal Request: Contributors initiate withdrawal requests through the digital platform.

8.Verification Process: Identity and authorization verification for withdrawal processing.

9.Timely Withdrawals: Withdrawals processed within a stipulated timeframe.

10.Transparency: Contributors have transparent visibility into all transactions and revenue distributions.

Note: NASASA FC’s integrated approach ensures a streamlined process from revenue collection on streaming platforms to fair and timely withdrawals for contributors.