COSCAP Director feels Barbados Cabinet dragging their feet on Cultural Stakeholders’ Bill…
In the last quarter of 2012, the Governor of the Central Bank, Dr DeLisle Worrell was touting the Medium Term Fiscal Strategy as the ONLY way out for Barbados unless someone could find a way to generate more Foreign Exchange… This is true, Dr Worrell also recognised, without directly saying so, at the CBB’s 40th anniversary in May last year how the little sugar Barbados has is unprofitable to send overseas yet the Rum Industry has the potential to help bring in the much needed Foreign Exchange – therefore, if Barbados is to earn more ForEx via Rum, stop exporting the sugar and let it stay here to increase Rum sales, no?
Another way for Barbados to boost ForEx is to enable, empower and implement the IT sector and create a Film Commission… These concepts could be fast-tracked if the Cultural Stakeholders Bill was actually passed and not just before Parliament as is so much other Legislation at the moment under the Freundel Stuart regime. This hamstringing of a key component to allow Barbados to not just depend strictly on Tourism was recently under scrutiny at a Press Conference to launch regional music publisher C2W (Caribbean To The World) at COSCAP’s Belleville Headquarters.
Their Director Erica Smith can be heard at the beginning of the video explaining her frustration at the seeming
ineptitude inertia on this crucial tool for allowing Barbadians to bring ForEx to these shores…
C2W is a newly incorporated Caribbean-based and Caribbean-owned music publishing company, listed on the Jamaica Stock Exchange which makes it unique in the Caribbean as a creative industries sector company which is publicly listed. Since its inception C2W has already enjoyed early successes the most recent being the feature of a Barbadian song on Apple’s mobile operating system, Tap Tap Revenge. The goal is to make sure that if the Caribbean has another hit like Anslem Douglas‘ “Who Let the Dogs Out?” that all royalties earned, stay in the region this time around and the creators are given their due respects – be it videogames, concerts or arena soundtracks. Another way is that rather than any further Bajan groups in future, unlike Cover Drive (UK-based) and Rihanna (USA’s IRS loves her), keep their profits here no matter where they may operate.
Most significantly, C2W has signed a sub-publishing agreement with BMG Chrysalis, one of the world’s largest company in music publishing for the Caribbean region, which means that C2W will represent BMG Chrysalis’ interest in the region. COSCAP will be the collective management organisation representing C2W and thereby BMG Chrysalis in the Caribbean. Their contract is for an initial 3 years, they project $15 million in earnings and the catalogue of songs they possess now is about 700 tunes.
C2W and BMG have been very active behind the scenes, they held a number of song-writing camps through nine territories including Barbados and St Vincent’s Skinny Fabulous created a tune here called “SH*T” which you can learn more on the video embedded in this story… Other ways C2W has sought to generate ForEx is the Li’l Rick tune “We Want Drinks” was changed to “We Want Dunks” (not the fruit) for American basketball and so generate royalties and valued ForEx as a beginning for Barbados.