The treaties don't only benefit the catalogue of music from outside of India but also give India playing field in other countries. The Indian right holders will benefit a reciprocal protection abroad through the International Copyright. This means that the Copyrights will stand valid in all the members of the WIPO organisation. Commenting on this landmark decision, Frances Moore, CEO, IFPI said:
IFPI welcomes this move from the Indian Government. Accession to the WIPO Internet Treaties is excellent news for the protection of Indian music - within India and globally.   Kudos to the DIPP for implementing this landmark decision, this will ensure additional investments in content creation in India as content from India will now be protected globally and monetization of Indian content will get a further boost in the global markets. - Blaise Fernandes, President & CEO, IMI
Apart from these, the treaties ensure the right to instil confidence and distribute creative works in a digital environment with return on investment and spur business growth and contribute to the development of a vibrant creative economy and cultural landscape. Thus helping the music industry to progress and gain more revenue in the process as well. WIPO Copyright Treaty came in force on March 6, 2002, and has been adopted by 96 contracting parties till date and is A Special agreement under Berne Convention (for protection of literary and artistic works). It has provisions to extend the protection of copyrights contained therein to the digital environment. Further, it recognises the rights specific to the digital environment, of making work available, to address "on-demand" and other interactive modes of access, WIPO Performances and Phonograms Treaty came in force on May 20, 2002, and has 96 contracting parties as its members. WPPT deals with rights of two kinds of beneficiaries, particularly in digital environment - (i) Performers (actors, singers, musicians etc.) (ii) Producers of Phonograms (Sound recordings). The treaty empowers right owners in their negotiations with new digital platforms and distributors. It recognizes the moral rights of the performers for the first time & provides exclusive economic rights to them. Both the treaties provide framework for creators and rights owners to use technical tools to protect their works and safeguard information about their use i.e. Protection of Technological Protection Measures (TPMs) and Rights Management Information (RMI). Mr. Shridhar Subramaniam, Chairman, IMI says
This move from the government of India is a huge victory for all Indian IPR owners. The provisions to protect copyright in the Digital Environment was much needed. This would enable growth for Indian IP by instilling confidence and spur investments and growth in the creative Industries.

Commenting on this momentous occasion, Mr. Rajat Kakar President & CEO of PPL said

“We are committed to professional collective management of rights for our Member Record Labels and this progressive decision by the Indian Government under the stewardship of the Department of Industrial Policy & Promotion (DIPP) is a welcome move and enhances the economic value of the members copyrights in Sound Recording”

Here's To A Good One!

via GIPHY