New Delhi, 04^th February 2022 (GPN)- As uncertainties and financial hardships emanating from the pandemic continue, The Indian Performing Right Society Limited pays another round of the Covid Relief fund to its author-composer Members.

Since the pandemic began, IPRS kept supporting its author-composer members facing urgent financial trouble with Emergency Relief Fund amounting to around Rs. 9 Cr. The latest tranche paid in January 2022 counted nearly four thousand author-composer members, with Rs. 10,000/- paid to each of them.

While the industry is still struggling to emerge from the aftermath of the pandemic, IPRS continues its efforts to bring respite for its members. As a copyright society and a representative body of authors, composers, and publishers of music IPRS is ensuring that music creators and publishers get paid for their rightful dues, distributing frequent royalties to sail through the difficult times. The society has distributed royalty amounting to nearly Rs.170+ crores to its members, out of which around Rs 100 crores were paid to author-composer members in the past ten months, from April’21 to January’22 compared to 184 crores for the Financial Year 2020-2021.

Commenting on this, Rakesh Nigam, CEO of the IPRS added, “In this time of adversity, uncertainty, and financial loss, IPRS proved to be a reservoir of strength, fortitude, and succour. The ongoing catastrophe over two years has proven, perhaps better than ever, the strength inherent in our community and the power of this system to be a support mechanism in the worst of times.”

About IPRS:

IPRS is India’s only Copyright Society registered under the Copyright Act, 1957, and counts more than 8,000 of India’s best-known authors, composers, and music publishers as its members. IPRS is authorized under the Copyright Act, 1957 to carry on the business of granting and issuing licenses in respect of musical works and literary works associated with musical works assigned to it by its members and the affiliate societies for International works. It also collects and distribute the royalties to its members including the authors’ statutory royalties and Sister Societies for the exploitation of these works either by way of live performances and/or recorded music through any medium except when exhibited as a part of a cinematograph film shown in a cinema hall.