RadioandMusic
| 15 Nov 2019
IPRS distributes royalty of over 20 crores to composers, song writers and publishers

MUMBAI: The Indian Performing Right Society (IPRS) has successfully completed the annual royalty distribution for this quarter today. At the function held, today, in Celebration Club, Mumbai IPRS Chairman Javed Akhtar distributed more than Rs. 20 crores of royalty to its author, composer and publisher owner members. IPRS also distributed royalties to music composers and classical artistes and legends like Pandit Shiv Kumar Sharma and Pandit Hari Prasad Chaurasia, who were instrumental in the amendment of the Copyright Act along with Javed Akhtar in 2012.

Commenting on the distribution, IPRS Chairman Javed Akhtar said, “I am very glad that IPRS is beginning to benefit our classical music artistes who epitomize our great music tradition. IPRS revenues have seen a significant increase in the year ended 31 March 2019, which is a result of the expanded rights mandate vested with IPRS and importantly its democratic constitution, which allows all stakeholder non-discriminatory treatment, equal representation and a voice in the administration of IPRS. The revamped IPRS is now benefiting its author, composer and publisher members economically. This royalty distribution event is a very optimistic sign that IPRS, which comprises of its author and composer members and music label colleagues, are all committed in their effort to ensure that IPRS as a representative body of all stakeholders acts in a non-discriminatory and transparent manner both in the interests of all stakeholders as well as that of potential licensees.”

The Indian Performing Right Society aka IPRS is India’s only Government recognized copyright society, which is tasked with administering rights in musical compositions and lyrics associated with music on behalf of its lyricist, composer and music publisher.

In 2017 the music industry in India saw a historic industry settlement among authors, composers and music labels that settled decades long disputes which had hobbled IPRS and resulted in government inquiries in other cases. In January and March 2017, IPRS underwent a major revamp to ensure compliance with the Copyright Act, 1957. This Act was amended in 2012 providing a new regulatory structure for Copyright Societies under the Copyright Act. IPRS was granted registration by the Government in November 2017.