Saturday , 21 July 2018
Home / News / New body to collect royalty to start operations next year: MYIPO

New body to collect royalty to start operations next year: MYIPO

PUTRAJAYA: A new body entrusted to collect royalty will be set up early next year to overcome the crisis of royalty collection management, says Intellectual Property Corporation of Malaysia (MyIPO) director-general Datuk Shamsiah Kamarudin.

She said the move was in line with the initiative of the government to have one royalty collection body for the music industry compared to four now.

The four bodies are the Music Authors Copyright Protection, Public Performance Malaysia, Recording Performers Malaysia and Performers Rights Interest Society Malaysia.

She hoped the establishment of the body would see the crisis surrounding the management of royalty resolved through one standard management.

“This will ensure the rights and revenue from royalty payment to rights holders and others involved in the industry is better managed and continue to receive support from commercial consumers,” she said in a statement today.

As such, she said an amendment to the Copyright Act 1987 on a licensing body would be carried out including the introduction of tariff payment for all categories.

“In fact, the payment rate could be slightly reduced according to the economic condition and the method of charges,” she said.

Shamsiah said until the new royalty collecting body is set up, all the four royalty collecting bodies would continue to function. — Bernama

Source: The Sun Daily News

Leave a Reply

WooCommerce Themes Free