R ARIVANANTHAM
CHENNAI, MAY 4
The Indian Performing Right Society Limited (IPRS) is the protector of Lyricists, Music Composers and Publishers (Producers), said Kaviperarasu Vairamuthu here on Wednesday.
Addressing the inaugural session of the IPRS’s day-long workshop on ‘Learn and Earn’, Vairamuthu said that most of the music directors, including the MS Viswanathan, know only 7’ swarams’ in music and not their rights on monetization of the original music composed by them, same is the key for many song writers and publishers.
It was M B Srinivasan, the legendary music composer sowed the seeds for IPRS and that grown into a banyan tree with annual revenue of Rs. 310 crores.
He also noted that only because of IPRS, many of its members had three meals a day during the Covid pandemic, he added.
“I take this opportunity to thank the entire team of IPRS, for this great initiative of ‘Learn and Earn’. IPRS (The Indian Performing Right Society Limited) is an Akshaya Pathram – meaning inexhaustible vessel for creators with the intention to educate them. Music makers are creative people who dream big without being aware of the Indian law. They are also ignorant of the basic rights they possess. However, IPRS acts as our legal body and fights for the royalty of uninformed music creators. They also take up the responsibility to educate music authors, composers about various jargons such as royalty, intellectual property, etc,.
- It was M B Srinivasan, the legendary music composer sowed the seeds for IPRS and that grown into a banyan tree with annual revenue of Rs 310 crores
- Financial aid amounting to Rs 6.2 crores to around 3,900 author members during the FY21-22 to soften the impact of the loss of income caused due to the Covid pandemic
Music creators who have written over 100 songs can lead a happy life with the royalty that he earns for those songs. Not many people are aware of the same. I extend my gratitude to the entire IPRS team for their immense effort to assist many families that were hit hardest during the pandemic,” Vairamuthu added.
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Addressing the media Rakesh Nigam, CEO, IPRS said, “The Indian music industry has been evolving dynamically and has been a home ground for some of the most celebrated songwriters and composers across geographies. The Tamil Music Industry is creating a big impact with songs transcending geographies in popularity and setting a benchmark for others to follow. While the industry is growing, it is equally important that songwriters and composers are well aware of their rights. With this initiative, we aim to drive awareness of music copyright and licensing while helping our members to upskill through knowledge and know-how. At IPRS, our primary focus will be to create more opportunities for our members and pave the path towards a strong ecosystem that will help our members and the Indian music industry.”
Nigam further added, “The financial year 21-22 has been watershed in the history of the IPRS with its earnings, recording a growth of around 85% from Rs 169.8 crores in FY 20-21 to Rs 310+ crores in FY 21-22. Streaming/OTT platforms have been the major contributors to the total income of FY 21-22.
It was also the year that saw the Royalty payouts break the Rs 200 crores mark as they bested Rs 210 crores compared to the previous year Rs 183.3 crores. IPRS also provided relief funds to its members. Financial aid amounting to Rs 6.2 crores to around 3,900 author members during the FY21-22 to soften the impact of the loss of income caused due to the Covid pandemic.”
Applauding the campaign, Renowned Song writer Mayur Puri and Board Member of IPRS added, “IPRS is the single loudest and most important voice of the music creator community. Today, the music industry is getting more and more decentralized every day and as mandated by our visionary chairperson Shri Javed Akhtar Saab, it is imperative for all of us at IPRS to step up our diversity and inclusion initiatives. ‘Learn and Earn’ is a series of full-day, multicity workshops designed to empower our members to not just survive but thrive in this creator economy. This is the first time an epic endeavour of this scale and such comprehensive content is planned to bring the community together, and we hope to see thousands of music makers benefit from this.”
