To support its author and composer members, The Indian Performing Right Society Ltd. (IPRS) announced the release of an emergency relief fund, amounting to Rs 2.5 crores.
Speaking about the announcement, Rakesh Nigam, CEO, IPRS, said,
“Taking the current crisis into consideration IPRS has announced the release of an emergency relief package for its author and composer members across cities, who are still struggling to earn enough due to the nationwide crisis. IPRS has been supporting its members, with constant efforts put in to help them in these difficult times. It had relieved additional funds to its author and composer members last year as well, who were facing significant financial pressure during the Corona pandemic, to meet their basic needs during the lockdown.”
When the pandemic hit the industry last year, IPRS had announced a similar Emergency Relief Package for its members. The money was paid to around 3150 author and music composer members across various geographies, to meet their basic needs.
Showing solidarity with the author and composer members of the copyright society, Mr. Javed Akhtar, Chairman, IPRS has written a letter.
The Indian Performing Right Society Ltd. (IPRS), is the sole authorised body to issue licences for usage of musical works and literary music. It collects royalties from music users, for and on behalf of it’s members i.e. authors, composers and publishers of music. Royalty collected is distributed amongst members after deducting IPRS’ administrative costs.