The Indian Performing Right Society (IPRS) recognised as world’s fastest growing copyright society by CISAC
- IPRS revenue/collections have increased from INR 45 Cr to INR 165+ Cr
India, 31st
May,2019- The
Indian Performing Right Society (IPRS), India’s only registered copyright
society for authors (lyricists), music composers and music publishers was
declared as the world's fastest growing Copyright Society by Eric Baptiste, Chairperson
of the Board of Directors – CISAC at the recently held CISAC General Assembly
2019 in Tokyo.
Held
in Tokyo, CISAC’s General Assembly 2019 is the first event held in many years
in Asia and is a part of a new era in Japan. The various representatives of
global Copyright societies, including IPRS, attended the event. Japanese Prime
Minister Abe Shinzo not only graced the event and met CISAC leaders but also
underlined the importance of protecting rights of global creators including
Japan.The IPRS team comprised of Mr. Rakesh Nigam CEO, Mr. Aashish Rego,
Director IPRS and Mr. AmeetDatta, Counsel of IPRS.
Mr. Rakesh Nigam CEO,
IPRS
said“IPRS revenue/collections have increased by 350%+ over the last year i.e.
from INR 45 Cr to approx INR 165+ Cr. This was possible due to the support and
guidance of our Chairman JavedSahab (Javed Akhtar) and members of our Board.
The IPRS team has acquitted itself extremely well. Going forward, I am
confident IPRS will continue to grow at this rate because it is supported by
the law”.
Furthermore,
Mr. Javed Akhtar, Chairman of IPRS
said “This recognition that, IPRS is the fastest growing Copyright society in
the world, is most welcome. I am extremely pleased and thankful for the support
CISAC led by Eric Baptiste-Chairman, GadiOron- Director General, Sylvain Piat,
Benjamin NG- Regional Director, Asia Pacific at CISAC and the Government of
India, gave IPRS during the past year towards IPRS restructuring its
constitution and operations and its efforts to become a true representative of
all stakeholders of Music in india. This is a team achievement with all stakeholders
in IPRS pulling together. The IPRS team led by our CEO Rakesh Nigam is to be
commended for their outstanding performance this past year. I am confident that
IPRS will continue to grow at a fast rate and serve the interests of its
members more effectively.”
DevrajSanyal, MD &
CEO, Universal Music Group, EMI Music India tweeted a congratulatory message to
IPRS. He said ‘@IPRSmusic @Javedakhtarjadu& 5 others- It’s been a long time
coming and so well earned. Congratulations to everyone.” Additionally, Indian Music Industry (IMI) chairman and Sony Music India and Middle
East president Shridhar Subramaniam congratulated the team. He tweeted,
“Great job by the Board and Management Team. Congratulations to all at
@IPRSmusic.”
About Indian Performing
Right Society Ltd. (IPRS)
The
Indian Performing Right Society (IPRS), incorporated in the 1960's as a
copyright royalty collection body is registered as a Copyright Society by the
Government of India under the Copyright Act, 1957 and is authorised to conduct
the copyright business of issuing and granting licenses in respect of musical
works and associated literary works (lyrics) in India. For more information,
please visit http://www.iprs.org
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