wordpress blog stats
Connect with us

Hi, what are you looking for?

Policy issues raised in the Indian Music Industry’s Vision 2022 document; Safe Harbour

The Indian Music Industry has two big agendas, Shridhar Subramaniam, President of Sony Music India & Middle East, and Chairman of the Indian Music Industry (IMI) has said in a Vision 2022 report released by the IMI: The first is anti-piracy, especially because of "illegal P2P apps or sharing apps, or even websites based out of India or Pakistan." Subramaniam estimates that the losses resulting from piracy amount to Rs 1200-1500 crores (around $250 million) each year for the Indian Music industry. The Vision 2022 document is based on a conference held by the IMI, with participation from other organisations in the space, including Phonographic Performance Limited (PPL) and Indian Performing Right Society (IPRS). The problem of safe harbour The second issue that Subramaniam raised was about ensuring fair value from the entities that pay the music industry: the music industry is around $130 million (Rs 850 crores), but powers "some giant industries" which are around $2 billion, like Radio which is Rs 3000-4000 crores, TV which is Rs 25,000 crores, live music business, device and equipment, which is Rs 2000 crores. "Those industries pay less than 2-3% towards the use of music. This is a fair value issue and we have to address this," Subramaniam has said. He pointed towards towards the valuations of service providers like Saavn, with the Jio-Saavn merger valued at Rs 7000 crores, and Radio Mirchi at Rs 3300 crores, while Saregama, which controls the most amount of historical music in India, is valued at…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

News

By Soujanya Sridharan and Dr. Sarayu Natarajan Platform work and data: the intersection Every time you use a ride-hailing app, the matching algorithm processes...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ