The distribution of Rs 13 cr as synchronisation royalty dues by Indian Performing Rights Society (IPRS) was a big breakthrough for Bollywood. Talking to BT, chairperson Javed Akhtar, writer-lyricist, talks about IPRS’ future plans to empower the artistes. Not many Bollywood music lovers are aware that whenever they listen to an old favourite on radio, television, weddings, advertisements, event, or a recreated version of it in a film, there is royalty owed to the composer and the lyricist of that song. And by law, that royalty money should ideally go to them. However, that was not happening for decades. Writers and music directors were constantly at loggerheads with music companies over this till a few music companies got together last month and distributed Rs 13 crore as synchronisation royalties that was due to the lyricists and composers. With this, the artistes and music companies buried the hatchet, finally. Facilitated by Indian Performing Rights Society (IPRS), its chairperson, writer-lyricist Javed Akhtar throws light on the issues plaguing Bollywood music and their plans to strengthen it...

News Source - Times Of India

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