Business

India And Korea Join Forces: IPRS And KOMCA's MOU Sparks A New Era Of Collaboration In Music

By Loudest Team
December 09, 2023
India And Korea Join Forces: IPRS And KOMCA's MOU Sparks A New Era Of Collaboration In Music

The Indian Performing Rights Society (IPRS)  and KOMCA (Korea Music Copyright Association) have signed an MOU, whereby KOMCA and IPRS join hands to organize events that aim to enhance awareness, knowledge, and collaboration in the field of copyright (e.g. seminar on the latest copyright issues for the music industry), music creation (e.g. song-writing camp), and collective management (e.g. sharing experiences on best practices) for music creators. Fostering cross-border music between India and Korea.

Music is the core cultural wealth of nations like India and Korea with melody being at the heart of popular music. Indian music with its legendary legacy emanating from its various regions has been a  top draw across the world. Blessed with catchy rhythms and chorus sections like Indian music, Korean Pop music is globally, well-received and amenable to blending with Indian music in its true elements. This, we believe, is just the beginning of a deeper association between the music talents of the two countries and will add a slew of listeners, consequently upping revenues. Given the open world we inhabit, it is in the best interest of the creators on both sides to be cognizant of their rights to maximize their earning potential. The MOU’s intent to arm the creators with this basic know-how has to be viewed in this light.

With the IPRS ever alert to widening the reach of the Indian music industry, it was only a matter of time before a solid MOU between the two associations came to fruition. The MOU is the true harbinger of an expansion phase that will give the music industry a wider spectrum. IPRS members and other Indian artists are also in line for better royalties, recognition and newer opportunities with this new development.

Javed Akhtar, legendary lyricist, screenwriter, poet, and Chairman of IPRS, expressed his satisfaction with the same, stating, “The recently established collaboration with KOMCA ushers in a transformative period, encouraging a dynamic interchange of creation between India and Korea. Our narrative revolves around breaking down barriers, creating opportunities, and envisioning a world where creators and creativity flourish. We look forward to more collaborative initiatives for our members in the near future. “

Commenting on the same, Rakesh Nigam, CEO of IPRS, shared his thoughts on the collaboration, stating, "The MOU with KOMCA represents a pivotal step in fostering a dynamic cross-cultural music exchange between India and Korea. This collaboration symbolizes our commitment to nurturing creativity while ensuring creators' rights are protected. The MOU is poised to be a pivotal step in creating a transformative journey that opens up new avenues for creative partnerships and innovation among our esteemed creator members."

Giseob You, General Manager of KOMCA, shared his views stating "KOMCA x IPRS MOU paves the path towards a stronger bond between the two societies. Korea Music Copyright Association (KOMCA) and IPRS, representing the author-composers of two musically rich countries, will now work together to spread awareness on creators' rights and create new opportunities for the promising talent of both countries through music collaborations and partnerships."

Related News

TIPS Industries Achieves 40% Revenue Growth, 61% PAT Surge In...

The company launched a total of 97 new songs, including 18 new film songs and 79 non-film songs. Notable album....

July 25, 2024

UMGB And Coca-Cola Extend Partnership, Unveil New Tracks From Karol...

This collaboration brings fresh and exciting content to music lovers worldwide, including brand new tracks from the acclaimed artists Karol....

July 03, 2024

YouTube Proposes AI Music Licensing to Major Record Labels

According to the Financial Times, the Google-owned video platform is offering Universal Music Group (UMG), Sony Music Entertainment, and Warner....

June 28, 2024

Hoopr Achieves Major Milestone In Content Creation By Surpassing 2...

Solidifying Its Place as the Go-To Platform for Content Creators Nationwide & in 15 Other Countries

May 29, 2024