The Mumbai-based Indian Performing Rights Society (IPRS), a group representing composers, lyricists and music publishers sent written notices to carriers including Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio Infocom to sign licensing agreements with them for collecting royalties.
Formed in 1969, the society was granted registration under the Copyright Act and Copyright Rules in November 2017.
“We have initiated the process of seeking royalties from Indian telecom companies and platforms for the use of their works, including songs and music made available for streaming and downloads,”
Rakesh Nigam, chief executive officer of IPRS, told Music Plus.
“As they are one of the largest consumers of music, we have sent out the letters to the telecom companies asking them to obtain licence for the literary and musical works, sound recording and cinematographic film that we own as part of the value added services that they offer,” he added.
In case of mobile value-added services, the royalty varies from 8% of the end-user price less taxes. The revenue generated by downloads with a minimum fee for ringtones and caller-back tones and the sale or download of songs in a digital format, to 12% for music streaming services on a yearly basis.
Nigam hopefully said, “This is a time consuming process. It may take a while, but we are hoping that the telecom companies will come on board and agree to pay royalties.”
- Business News2018.08.08Warner Music Group sells its entire Spotify stake, shares Q3 financial report
- Business News2018.08.03T-Series elects PPL as its exclusive partner!
- Business News2018.07.18Indian Performing Right Society Ltd sets up first Regional Committee in Chennai
- Feature2018.07.17Quick five with Godless – A journey from Hyderabad to Wacken Open Air 2018
900total visits,2visits today