Music Copyright Society
- April 26, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
Music Copyright Society
Subject: Art and Culture
Context: IPRS has so far collected royalties of over Rs 300 crore in FY 21-22, almost doubling that of the previous year despite the pandemic which hit the overall entertainment industry hard.
- The Indian Performing Right Society Ltd (IPRS), which represents music composers, lyricists and publishers, is singing all the way to the bank, due to the surge in digital consumption of music on OTT and streaming platforms and the rising adoption of short-form video platforms.
- Besides Indian music composers, authors and publishers, it also represents international film players.
- In 2022, it collected royalties about Rs 310 crore and in the next 2-3 years it is expected to cross Rs 500 crore.With mobility restriction seased, the music copyright society anticipates income from events, malls, restaurants and hotels to see a revival this fiscal year.
- Earlier, it distributed royalties of about Rs 183 crore in FY21 and about Rs 141 crore in FY20.
- IPRS (came into existence in 1969) is to legitimize use of copyrighted Music by Music users by issuing them Licences and collect Royalties from Music Users, for and on behalf of IPRS memberse., Authors, Composers and Publishers of Music.
- Royalty thus collected is distributed amongst members after deducting IPRS’s administrative costs.
- Composers are those who are better known as Music Directors, Authors are better known as Lyricists, Publishers of Music are the Music Companies, or those who hold Publishing Rights of the Musical & Literary Works. Authors and Composers are sometimes referred to as Writers which can mean any or both of them.
- The Company’s policy and administration are controlled by a Governing Council of Directors elected by the Members at General Meetings every year from amongst their own numbers.
- The Company has its Registered and Corporate Office at Mumbai with branch offices at Delhi, Chennai and Kolkata through which, the Society carries on its licensing activities.
Music Copyright Society:
- The music copyright society include prominent names such as Javed Akhtar, (Chairman of IPRS), besides AR Rahman, Salim-Sulaiman, Vishal Dadlani, and a host of other artistes cutting across languages such as Hindi, Marathi, Tamil, Telugu, Bhojpuri and Punjabi.
- Music licence is needed whether it’s for a public performance, commercials, ringtones, TV or radio or played in restaurants, hotels or malls or on digital platforms.