The year of 2018 has been positive for the Indian music industry – big hits, active live-music scene, growing streaming platforms and more. The collection societies in India too have been in the news, for the right reasons. Striking strategic deals to entering into beneficial treaties for the music industry, collection societies have done their good to better the music industry in India.
Music Plus puts together the top six reasons why the collection societies in India were in the spotlight in 2018.
IPRS distributes ₹13 crore worth royalties to 2800 music composers and authors
Writers and music composers of the Indian music industry finally bear the fruits of their work. Veteran lyricist-screenwriter Javed Akhtar, chairperson of Indian Performing Rights Society (IPRS), equally distributed ₹13 crore synchronisation royalty among 2800 music composers and authors. The amount is paid by different organizations to the artistes when their film songs are utilized as a part of commercials, recordings or different motion pictures.
Phonographic Performance Limited (PPL) on behalf of Saregama, Sony Music, Tips, Universal Music, Venus and Aditya Music is responsible for paying the sum to the registered members of IPRS.
ISRA pens a deal with Spanish society AIE
The copyright society, Indian Singers’ Rights Association (ISRA) signed an agreement with Spanish society AIE to protect the interest of artists in India and Spain. The two performing rights societies ISRA and AIE, Spain enter into a bilateral agreement.
By signing this agreement the path has been laid, now if Indian songs are played in Spain, the musicians stand to benefit and are entitled to royalties. Similarly, users in India play songs of Spanish artists would need to pay ISRA royalties which ISRA will then pass it on to AIE.
PDL India launches new CRM system – Infinite Soul
PDL launched an initiative, Infinite Soul, on 6 June 2018 in Mumbai. Infinite Soul is a CRM system where every member will get online access to revenue reports as well as all the analytics online. There is no human interface that brings complete transparency for the artist viz. on which platform, how and the amount of revenue that has been generated.
there are three sources of revenue when it is about operators. One is CRBT, one is IVR, and the third one is a full track service. All the reports that come from these operators, without any human intervention will be incorporated into the interface of Infinite Soul. Thus, Infinite Soul is a content management plus revenue reporting system. Since there will be no human involvement, there will be no delay in delivering reports and everything will be available online.
SIMCA ties with PPL to monetise licensed music
Members of South Indian Music Companies Association SIMCA have entered into a pact for monetising its public performance rights with Phonographic Performance Limited (PPL). This tie-up will provide PPL the access to over 100,000 sound recordings from films, independent & devotional albums, songs from Tamil, Kannada, Telugu, Sanskrit and Malayalam.
With the likes of 5 Star Audio, Star Audio, Satyam Audio, Amudham Music, Millenium Audio, Symphony Recording Company, Mass Audio, Nadham Audio, Melody, Modern Cinema and 45 other record labels coming on board, PPL increases its offering in classics from maestros like S.P. Balasubramanyam, KJ. Yesudas, Chitra and M.S. Subbulakshmi.
IMI, IFPI and PPL jointly conducted Indian Music Industry Conclave
All stake holders should be optimistic towards the future of the Indian music industry regardless of some major obstacles like value gap, digital piracy and scarcity of paid subscriber base in India, Regional Director, IFPI, Ang Kwee Tiang stated at the first ever Indian Music Industry Conclave.
Chennai and Chandigarh witnessed the Indian Music Industry Conclave jointly conducted by the Indian Music Industry (IMI), International Federation of the Phonographic Industry (IFPI) and Phonographic Performance Limited (PPL).
This being the first of its kind event, leading luminaries such as Manohar Naidu of Lahari Music (Bengaluru), Aditya Gupta of Aditya Music (Hyderabad), Mandar Thakur of Times Music India and Naveen Bhandari of Muzik 247 (Chennai) in the Southern Chapter and Satinder Singh of Speed Records (Jalandhar) in the Northern Chapter attended the conclave.
ISRA encourages India to accede to two treaties to boost Indian singers
After being registered as a Copyright Society, ISRA has made great efforts and persistence to get India to Agree to the WCT (WIPO Copyright Treaty) and WPPT (WIPO Performance and Phonograms Treaty), the two International Treaties on Copyright & Neighbouring Rights. Highlight is that the provisions of the two treaties were already incorporated within the Indian Copyright Act in 2012 itself.
According to the release by Press Information Bureau, Government of India, India has now acceded to these two treaties. The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the proposal submitted by Department of Industrial Policy and Promotion, Ministry of Commerce and Industry regarding accession to the WIPO Copyright Treaty and WIPO Performers and Phonograms Treaty which extends coverage of copyright to the internet and digital environment.