Music director G V Prakash has initiated a campaign to protect the rights of the music directors and lyricists, who haven’t been getting their full share of royalty from audio companies. Last year, a bill was passed in the parliament which brought in an amendment to the Copyright Act that music directors and writers are entitled for royalty from the profits which audio companies make. However, GV Prakash alleged that audio companies have been making music directors sign an agreement which states that they are going to be paid advance royalty, but in reality there’s no such additional money that is paid to them. Now, several music directors including Yuvan Shankar Raja, Harris Jayaraj, D Imman have joined hands in this campaign and the team is planning to create more awareness among music directors in other industries as well.
“Md’s yuvan , harris , vijay antony , imman , s a rajkumar , rajamani , nr raghunanthan and myself have signed a petition to music union. Against advance royalties agreement and musicians union is keeping a press meet within a week and composers don’t need to sign such agrmnts. Music union is taking the issue big and they say composers don’t need to sign any agreements stating advance royalties !Royalty is the actual right of a creator and he signing any agreements of writing off his royalty is not valid (8th june 2012 amendment act),” GV Prakash posted on Twitter. This move is not going down well with the audio companies which allege that they are already losing revenue because of the decline in the sale of audio CDs and rampant piracy. It remains to be seen how this story ends in the next few weeks.
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