Jawed Akhtar royalty amount of Rs 13 crore distributed to musicians and writers
Film writer and songwriter Javed Akhtar has distributed royalties of Rs 13 crore today among members of the Indian Performing Rights Society (IPRS). This amount was deposited by music companies.
Mumbai: Film writer and songwriter Javed Akhtar has distributed royalties of Rs 13 crore today among members of the Indian Performing Rights Society (IPRS). This amount was deposited by music companies. Javed is the chairman of IPRS. Jawad's 48-year-old copyright royalty collection unit IPRS is an official registered copyright society of music and related activities in India.
At least 2800 members of IPRS will be given this amount by Phonographic Performance Limited, which has been deposited by Saregama, Sony Music, Tips, Universal Music, Venus and Aditya Music.
Javed said, "I am happy that this happened. All right now, but we have to go a long way. It is not that the end is the end of it. There has been an understanding with those people who had our ideological differences and the differences have come away. "Jade, who has been demanding the royalty for writers and lyricists for a long time, said that today's program will not be right to say victory.
Music companies have given royalty of 13 crores for the last six years. Members with less than 10 songs will be given Rs 10,000, while members having more than 10 songs will get Rs 53,000. Many companies have come forward and given the money, but T-Series and Yash Raj Films have not joined yet. Akhtar said that there is no bitterness and that both the companies are talking.
Javed said, "I am happy that this happened. All right now, but we have to go a long way. It is not that the end is the end of it. There has been an understanding with those people who had our ideological differences and the differences have come away. "Jade, who has been demanding the royalty for writers and lyricists for a long time, said that today's program will not be right to say victory.
Music companies have given royalty of 13 crores for the last six years. Members with less than 10 songs will be given Rs 10,000, while members having more than 10 songs will get Rs 53,000. Many companies have come forward and given the money, but T-Series and Yash Raj Films have not joined yet. Akhtar said that there is no bitterness and that both the companies are talking.
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