Sony Pictures Networks, India (SPN), has entered into a licensing agreement with the Indian Performing Right Society (IPRS). This will allow SPN to utilise IPRS’ music bank for its broadcast and digital business verticals in India.
“With this licensing agreement, we fortify our endeavor to remain a network of choice for the creative workforce in our country,” said Ashok Nambissan, General Counsel, Sony Pictures Networks, India
IPRS is India’s only copyright society, registered under the Copyright Act of 1957, authorized to carry out the copyright business for musical and literary works (lyrics), associated with members comprising authors (lyricists), music composers and music publishers. The Chairman of IPRS, Javed Akhtar, on this collaboration comments,
“This is welcome news. I would like to congratulate both SPN and IPRS for working collaboratively. The creative community welcomes Sony Pictures Networks India (SPN) to IPRS as a license and I look forward to this relationship being strengthened further”
With access to music from millions of authors, composers and music publishers, SPN has taken the lead in promoting an organized music licensing.
“We are excited about our new partnership. We welcome Sony Pictures Networks India into the IPRS family of licensees. We commend SPN’s mature approach to doing business and look forward to a successful partnership. IPRS is committed to working cooperatively and closely with its licensee partners, their continued success is important for IPRS and all its members,” says Rakesh Nigam, CEO, IPRS.
In the recent past, IPRS has been hailed to be the world’s fastest growing copyright society. Especially after the IPRS vs. Yash Raj Films’ lawsuit, the need and effect of IPRS is even more necessary. The FIR filed with the Mumbai police’s Economic Offences Wing (EOW), accuses YRF directors Aditya Chopra and Uday Chopra of illegally collecting royalties over Rs 100 crore belonging to IPRS members, from 2012 when the Copyright Act was amended to ensure royalties to composers and authors.
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