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Recorded music licence fee collection up 30%: PPL

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Chennai, Dec 13 (IANS) Music licensing company PPL has said its revenue has registered a 30 per cent increase in the first half of this fiscal due to expanded membership base resulting in increased number of songs for licensing, rationalisation of licence fees, and effective copyright protection measures.

The Phonographic Performance Ltd (PPL) owns as assignee the right to licence public performance and radio broadcasting.

A top official of the company said that PPL is signing reciprocal agreements with similar organisations in several countries.

“During the first half of the current fiscal, the company has logged a growth of 30 per cent as per our projections. The revenues from radio broadcasting have gone up by 8-9 per cent and over 30 per cent from public performance/playing of music. We are confident of achieving the target of 30 per cent growth in licence revenues,” Rajat Kakar, President and CEO, PPL told IANS.

Kakar said PPL now has 317 members covering nearly 95 per cent of the organisations in the Indian music industry.

The PPL owns as assignee the rights for more than 29 lakh international and Indian songs (sound recordings).

He said by 2018 end, the number of songs under its portfolio will further go up.

According to PPL’s annual report, the company ended 2017 with Rs 19.78 crore from radio broadcasting and Rs 54.63 crore from licensing of public performance.

“The challenge is to convince people/organisations to pay licence fee for playing the music. The fee structure is based on the kind of establishment where the recorded music is played,” Kakar said.

According to him, the company meets its expenses out of the licence fee collected and the balance is distributed to the copyright owners.

Kakar said online licensing facility will be implemented fully from next fiscal.

He said public notice will be issued next week for hotels, night clubs and other establishments to get proper licence from it for playing copyrighted music.

He said PPL has the rights covering various language music including English, Spanish, Hindi, Telugu, Tamil, Bengali, Punjabi, Marathi, Malayalam, Bhojpuri and others — including film and non-film songs.

“Globally, the sound recording companies get about 25-30 per cent revenues from public performance licencing. But in India, it is in single digits,” Kakar said.

According to him, the Indian music industry is worth about Rs 850 crore of which nearly 50 per cent is film music.

Kakar said PPL does not conduct raids on establishments that plays music to detect copyright violations like software companies but has audit teams that would do a diligent work based on which the violators are issued notice.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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