Attendees received exclusive insights and expert guidance from some of the most experienced professionals in the industry, making it a truly enriching experience.

The engaging panel discussions and insightful presentations provided actionable go-to-market solutions, as industry leaders shared their expertise, strategies, and personal experiences with the participants. Speakers included Karan Grover, Senior Director (India, Middle East & Africa) at Dolby Labs; Sagarika Das, CEO of Sagarika Music; Bhaskar Nair, Partner Engineer & Nikhil Nerkar, Strategic Partner Manager at YouTube Music; Chandrika Shah, India Head at Horus Music; Saee Tembhekar, Singer, Songwriter; and Murtuza Gadiwala, Founder Partner Outwrite Publishing. Their collective knowledge inspired attendees to take proactive steps in safeguarding their work and advancing their music careers. Additionally, Rumpa Banerjee, Head of Marketing, Communication & Member Relations at IPRS, shared valuable insights on managing rights and royalties as a creator and highlighted the crucial role of music copyright societies like IPRS in enhancing the careers and earnings of authors, composers, and publishers across all levels of the industry.

Reflecting on the success of the event, Mr. Rakesh Nigam, CEO of IPRS, expressed, “It’s immensely rewarding to witness the enthusiasm and curiosity displayed by the creators today. The overwhelming response reinforces IPRS’s commitment to empowering music creators by educating them about their rights and the resources available to them. To see such a diverse group of creators come together to learn, share, and grow is inspiring. This initiative is all about fostering a culture where creators are empowered, and their contributions are acknowledged and rewarded.”

The sessions not only equipped participants with essential tools to navigate the rapidly evolving music industry but also provided a valuable platform for creators to connect, collaborate, and engage with industry leaders and peers. Building on this momentum, upcoming sessions of ‘My Music, My Rights’ are scheduled in Ahmedabad on 6^th Feb, Bangalore on 20^th Feb, Chennai on 6^th March, Lucknow on 26^th March, and Patna on 9^th April.

The Indian Performing Right Society (IPRS) remains committed to empowering music creators across the country, ensuring their voices are heard, their rights are protected, and fostering a more equitable and thriving future for both music and its creators.

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To commemorate the occasion, Shri Javed Akhtar, Chairman of the Indian Performing Right Society Ltd. (#IPRS), and Shri Rakesh Nigam, CEO of IPRS, presented the MACP Chairman with a stunning marble statue of Maa Saraswati, the goddess of learning and patron of arts and music. The gesture symbolized IPRS’s dedication to fostering cultural bonds and honouring the shared artistic heritage of the region.

During the ceremony, Shri Javed Akhtar delivered an inspiring speech highlighting the significance of Saraswati Devi in Indian culture as a guiding force for creativity and wisdom. He extended his heartfelt wishes for MACP’s continued success and growth, underscoring the unity and collaboration between copyright societies in Asia.

Reflecting on Reflecting on IPRS’s participation, lyricist, screenwriter, actor, and IPRS Board Member Mayur Puri said, said, “This conference is a testament to the unity of creators across borders. By honouring our shared artistic heritage, we reaffirm not just our dedication to protecting the rights of creators, but also our responsibility to enrich the cultural fabric of our region. The presentation of Maa Saraswati’s statue embodies IPRS’s commitment to celebrating creativity and wisdom while building lasting cultural bonds.”

IPRS remains steadfast in its mission to represent Indian music creators globally and promote Indian values and culture, strengthening international partnerships and advancing the rights of creators worldwide.

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New Delhi, 25^th October 2024: The Indian Performing Right Society Limited (IPRS) continues to solidify its position as one of the top four revenue-generating societies in the Asia-Pacific region, as indicated by the recently released CISAC Global Collections Report 2024. The report reveals record-breaking global royalty collections, highlighting significant trends in the Indian and Asian music markets. The report reveals that global music collections reached an all-time high of €13.09 billion, representing a 7.6% increase compared to the previous year. While the Indian music landscape continues to expand with promising digital growth, issues related to low compliance and the slow growth of paid subscriptions on streaming platforms continue to hinder the revenue potential for creators and publishers in the Indian music industry.

In 2023, IPRS’s total collections surpassed INR 500 Crores, with digital revenues accounting for 74.2% of this figure. This impressive digital growth, 493.6% over the last five years, reflects India’s evolving digital consumption habits. India is one of the largest consumers of music globally, with millions accessing music daily through multiple digital and streaming platforms. Despite this, the number of paid subscribers in India remains disproportionately low compared to other major markets. The reliance on free, ad-supported tiers significantly limits the revenue generated from streaming, creating a value gap for artists and rights holders.

Another critical concern highlighted in the CISAC report is the issue of fair value and low compliance with copyright and licensing laws in India. Many broadcasters, venues, events and digital platforms fail to adhere to licensing requirements, leading to delayed payments to rights holders and missed opportunities for revenue growth.

The low compliance rate is a major concern for rights management organizations like IPRS, which have been working to improve transparency and strengthen the enforcement of copyright laws. Ensuring that music creators receive fair compensation for the use of their work remains a top priority, but it will require more collaborative efforts between industry players and policymakers to bridge the gaps in the current system.

While digital streaming dominates India’s music revenues, the live music industry too holds significant untapped potential. Live and public performances, including concerts and festivals, rebounded strongly in 2023, contributing to a 22% increase in global collections. India, with its rich cultural diversity and growing appetite for live entertainment, is well-positioned to capitalize on this trend.

However, the live music sector in India remains fragmented, with a vast number of organizers and venues across the country needing greater awareness and adoption of music licensing norms and best practices. Enhancing this understanding is essential to ensure that revenue flows equitably to the creators who form the foundation of the music ecosystem. While there is a broad exception in law for marriage-related events, where music usage does not require licensing, it is important to note that other live music performances still require proper licensing to ensure fair compensation for creators. IPRS is actively addressing this gap by promoting industry-wide compliance through its robust licensing network, aiming to diversify revenue streams beyond digital collections and support the thriving live music sector.

Commenting on the same Mr. Javed Akhtar, Chairman of IPRS said, “Our standing as one of the top revenue-generating societies in the Asia-Pacific region truly reflects the incredible creativity and talent that defines India’s music industry. While we are pleased with our growth in digital collections, there are important challenges that we must address, particularly around low compliance and adequate enforcement of copyright laws. We urge for greater support from the industry stakeholders and the administration to unlock the immense potential our music holds and solidify our position on the global stage.”

CISAC Director General Gadi ORON commented, “This Report gives a unique overview of the economic and cultural value of our global CISAC community. This year’s figures, for royalties’ collections by CISAC members in 2023, paint a positive picture of a healthy, stable and promising sector. Overall, collections on behalf of creators reached a new all-time high of EUR13.1bn, an impressive 7.6% increase. During the last five years, CISAC members have added over EUR3bn to the amounts they collect for authors and copyright holders. This, in itself, is a major achievement and shows the strength of the collective management system.”

Mr. Rakesh Nigam, the CEO of the Indian Performing Right Society Limited (IPRS), added, “We are proud of the progress IPRS has made, but we recognize that significant challenges remain. The low compliance rate in India is a serious concern, as it directly affects the earnings of our creators. We are committed to working with industry players to ensure that licensing agreements are properly enforced, and that creators are fairly compensated for their work. At the same time, we see the huge possibilities the live music sector holds, and by focusing on its growth, we aim to complement our already robust digital revenues.”

The CISAC report serves as a reminder that while India’s music industry is thriving, key challenges such as low compliance and a lag in paid subscriptions need to be addressed to ensure sustained growth. Industry stakeholders, music users, and government agencies must collaborate to create a more supportive environment for the music ecosystem.

As the industry moves forward, IPRS remains committed to advocating for creators’ rights and promoting the Indian music industry on the world stage. By addressing the current challenges, the industry can unlock new growth opportunities and ensure that India continues to be a key player in the global music economy.

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10^th October 2023: To mark World Mental Health Day, IPRS in collaboration with Aurora Collective associates with Trijog to organize an online webinar “Mental Health for Creative Minds”. This aligns with IPRS’s mission to support and empower music creators. This campaign focuses on empowering and nurturing the mental well-being of musicians, recognizing the distinct challenges they encounter in their creative odysseys.

With the upcoming webinar, IPRS aims to reach a diverse audience of musicians, including those from various regions who may have limited access to mental health resources. The objective of this session is to enhance the understanding of mental health among musicians. Help individuals identify and address potential mental health challenges. Equip music creators with coping strategies tailored to the unique demands of their profession.

IPRS’s campaign encourages musicians to prioritize their mental health, fostering resilience and well-being within the industry. This initiative also highlights IPRS’s commitment to the holistic well-being of its music creators. By addressing mental health challenges and offering practical solutions, IPRS aims to empower musicians to thrive in their careers and enjoy long-lasting success.

Details of the session:

What: IPRS in collaboration with Aurora Collective associates with Trijog for World Mental Health Day for an online webinar on “Mental Health for Creative Minds”

When: 12^th October 2023

Time: 5 pm – 6 pm

Venue:  Online Zoom Event

Tune Into Well-being! Join Us on Zoom for an Exclusive Music & Mental Health Workshop: https://us06web.zoom.us/meeting/register/tZElcO6pqz4qE92oE5Ac5j6lohV-xuyLBXs3#/registration

About IPRS: 
IPRS is India’s only Copyright Society registered under the Copyright Act of 1957, and counts more than 10,000 of India’s best-known authors, composers, and music publishers as its members. IPRS is authorized under the Copyright Act, 1957 to carry on the business and granting of licenses in respect of musical works and literary works associated with the music assigned to it by its members as well as collect and distribute authors’ statutory royalties, for the exploitation of these works either by way of live performances and/or sound recordings through any medium except when exhibited as a part of a cinematograph film shown in a cinema hall.  For more information, please visit https://iprs.org/

The post Sound Minds, Strong Creators: IPRS and Aurora Collective Team Up with Trijog for Mental Health Webinar! appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.