Indian Performing Rights Society (IPRS) Distributed Royalty Worth Rs. 13 Crores
The Indian Performing Rights Society (IPRS) recently distributed music royalty worth Rs. 13 Crores in 1 day amongst the Bollywood music composers & The lyricists.
Javed Akhtar, the Chairman of Indian Performing Right Society (IPRS) especially arrived to distribute Rs. 13 Crores received for TV synchronization between the entire author & the composer members at The Club, Andheri (W) Mumbai.
Rs.10,000 was distributed to the authors & the composers having 10 or less than 10 works registered with Indian performing Rights Society (IPRS) and the balance royalty was distributed equally to all the remaining authors & the composers which was Rs. 53,000.
This TV Synchronization royalty was paid by PPL on behalf of Saregama, Sony Music, Tips, Universal Music, Venus & Aditya Music.
On this eve Rakesh Nigam, the CEO of the Indian Performing rights Society (IPRS) averred, “We are happy to distribute the royalty cheques to all the authors & the composers of our music society. After all it’s all hard work & effort put in by them”.
Raju Singh, Sudhakar Sharma, Shravan Rathod, Harmeet, A M Turaaz, Prashant Ingole, Jatin Pandit, Sanjeev Darshan, Dilip Sen – Sameer Sen, Shibani Kashyap and many,, many more came to collect their royalty cheques.
The entire fraternity of the Indian Performing Rights Society (IPRS) thanked Javed Akhtar for his hard work & effort put in by him.
