16 May 2021, Edition - 2133, Sunday
Sony Pictures Networks India Enters Into a Licensing Agreement With The Indian Performing Right Society Ltd.
February 7, 2020
Business Wire India
Sony Pictures Networks India (SPN), has entered into a licensing agreement with The Indian Performing Right Society (IPRS), thereby being able to mine the IPRS music bank for its broadcast and digital business verticals in India.
With access to music comprising millions of works from authors, composers and music publishers, SPN has taken the lead in promoting an organized music licensing industry in the country.
The IPRS is India’s only copyright society, registered under the Copyright Act of 1957, authorized to carry out the copyright business for musical and literary works (lyrics), associated with members comprising authors (lyricists), music composers and music publishers.
Ashok Nambissan, General Counsel, Sony Pictures Networks India:
“With this licensing agreement, we fortify our endeavor to remain a network of choice for the creative workforce in our country.”
Javed Akhtar, Chairman, IPRS:
“This is welcome news. I would like to congratulate both SPN and IPRS for working collaboratively. The creative community welcomes Sony Pictures Networks India (SPN) to IPRS as a licensee and I look forward to this relationship being strengthened further.”
Rakesh Nigam, CEO, IPRS:
“We welcome Sony Pictures Networks India into the IPRS family of licensees. We are excited about our new partnership. We commend SPN’s mature approach to doing business and look forward to a successful partnership. IPRS is committed to working cooperatively and closely with its licensee partners, their continued success is important for IPRS and all its members.”