Eligible singers, musicians urged to contact MyIPO for royalty payments theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Compiled by C. ARUNO, JUNAID IBRAHIM and R. ARAVINTHAN
ABOUT 1,000 music industry players stand to gain royalties amounting to RM500 each, which are expected to be paid out early next year, Kosmo! reported.
The initial payment to musicians and local singers involved RM11.7mil that was outstanding in 2018, according to Deputy Domestic Trade and Consumer Affairs Minister Datuk Rosol Wahid.
“The royalties will be paid to members registered under the Recording Performers Malaysia Bhd and Performers’ Rights and Interest Society of Malaysia Bhd (Prism).
“For a start, we will pay RM500 to those eligible while the rest will be paid after some conditions are scrutinised by their respective licensing bodies, ” he said.
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.