Mumbai: Eminent film lyricist and writer Javed Akhtar, who is chairman of the Indian Performing Rights Society (IPRS), Monday distributed Rs 13 crore among its members as part of the royalty given by music companies.
The Phonographic Performance Ltd. (PPL) on behalf of music companies like Sony Music, Saregama, Tips, Universal Music, Venus and Aditya Music paid ‘synchronisation royalty’ to as many as 2,800 members of the IPRS.
Javen Akhtar has long been championing the cause of getting royalties for writers and music composers but says it would be unfair to call today’s event a “victory”.
“I’m glad this has happened. So far so good but we have a long way to go. It’s not as if this is the end. People with whom we had differences of opinion, we have now reached an understanding with them and have smoothened out all the differences,” said Akhtar.
The IPRS, a 48-year old royalty collection body is an officially registered copyright society for musical works and associated literary works in India.