IPRS distributed royalty worth 13 Crore in one day among music composers and lyricist.
Javed Akhtar, Chairman of IPRS came to distribute 13 Crore received for TV synchronization between all author and composer members at The Club, Andheri West. Rs.10,000 was distributed to author / composer having 10 or less than 10 works registered with IPRS and the balance royalty was distributed equally to all remaining authors / composers which was Rs. 53,000. This TV Synchronization royalty was paid by PPL on behalf of Saregama, Sony Music, Tips, Universal Music, Venus and Aditya Music.
Rakesh Nigam,CEO IPRS says – “We are happy to distribute the royalty to all authors and composers of our society. After all its all hard work and effort put 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 more came to collect royalty. The entire fraternity of IPRS thanked Shri Javed Akhtar for his hard work and effort put in by him.