After legal battles spanning several years, the Indian Performing Rights Society (IPRS) has now been registered as a Copyright Society by the Central Government under Section 33 of the Copyright Act, 1957 and Copyright Rules, 2013.
The Indian music industry comprising of composers, lyricists, and music companies have now politely resolved their differences and reunited as one. The new IPRS will be the only official and functional copyright society for musical works and related literary works in India.
IPRS Chairman Javed Akhtar said,
“With a new constitution and a new governing board, IPRS is entering a new era that will not be of confrontation but of cooperation between the authors and the publishers. I see an extremely prosperous future for everyone.”
This comes across as a very good news for the music industry as it has been plagued with royalty issues for a long time. With the formation of the new IPRS we hope licensing becomes easier, the process of granting royalty becomes transparent and thereby making IPRS a formidable force in the Indian music industry.
Talking about what to expect in the near future from IPRS, Javed Akhtar said
“You can expect to see IPRS with a new energy. The collection will be divided fairly and will be given to the rightful owners. We are going to work to have a bigger network not just nationally but Internationally as well.”
The IPRS was formed on 23 August 1969. Its primary function was to issue an authorized license which permits usage of music represented by lyricists, composers or music companies in India.
To know more about copyright societies in India, refer our article Copyright Societies
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