IPRS Onboards International Publisher Kobalt
by EVENTFAQS Bureau Industry Watch | July 13, 2021 | News
Indian Performing Right Society Limited (IPRS) Kobalt
Indian Performing Right Society Limited (IPRS), the copyright society representing composers, lyricists and publishers, has announced its association with international music publisher Kobalt.
Through the association, IPRS will handle licensing of all rights of the publisher’s catalogues for audio streaming services, FM and AM radio and public performance.
Kobalt is the first international publisher to sign with IPRS since its re-admittance into the International Confederation of Authors and Composers Societies (CISAC) as a full member in December 2018.
Rakesh Nigam, CEO, IPRS, said, “We are very glad to have an international publisher like Kobalt onboard. With international publishers joining us it would help us enhance the valuation for all the stakeholders, including them. The streaming platforms have witnessed an upsurge in the consumption of international content. With associations similar to the one we have entered into with Kobalt, IPRS will now be able to derive the desired value for the international works in India as so far we haven’t been licensed to do so” he further added “We are open for negotiations with publishers to suit the needs. IPRS would like to sit across the table, come to an agreement and then make the necessary adjustments or changes as required.”
Atul Churamani, Managing Director, Turnkey Music & Publishing, representing Kobalt’s catalogue in India, said, "This has taken a long time coming and we are delighted that finally the IPRS is administering the international works we represent for India. You can't be a publisher of foreign works in any county and not be a part of the performing rights society. This association will open up revenue streams for the Kobalt, Fairwood and other catalogues that we represent."
Through this association, IPRS will administer both the performing and mechanical rights of the international catalogues signed to it.