Issue of local musician royalty arrears resolved
10 Dec 2020 / 08:21 H.
COURTESY OF REINCHEZ NG
KUALA LUMPUR: About 1,000 local music industry practitioners can heave a sigh of relief when the issue of royalty is finally settled with a payment of RM500 per person in January next year.
Deputy Domestic Trade and Consumer Affairs Minister Datuk Rosol Wahid said the initial payment involved RM11.7 million which has been in arrears in 2018 and the following payment would be given based on music usage report obtained from local television and radio stations.
“The royalty will be paid to those who are under the patronage of two music royalty collection licensing bodies, which is the Recording Performers Malaysia (RPM) Berhad and Performers’ Rights and Interest Society of Malaysia (PRISM) Berhad, which was in arrears as the bodies could not achieve a consensus on the appropriate method to distribute music royalty.