News Desk, News Nation 360 : An MoU between the Korea Music Copyright Association (KOMCA) and the Indian Performing Rights Society (IPRS) states that the two organisations will work together to host events that will promote awareness, knowledge, and cooperation in the areas of copyright (e.g., a seminar on the most recent copyright issues for the music industry), music creation (e.g., a song-writing camp), and collective management (e.g., sharing experiences on best practices) for independent musicians. promoting music exchanged between Korea and India. Given that the IPRS is constantly looking for ways to expand the Indian music industry's reach, it was only a matter of time before the two associations' strong MoU materialised. The MoU is a real sign of an expansion phase that will bring more diversity to the music industry. With this new development, IPRS members and other Indian artists stand to gain better royalties, recognition, and new opportunities. In response, Rakesh Nigam, CEO of IPRS, expressed his opinions about the partnership and stated that developing a dynamic cross-cultural music exchange between India and Korea is made possible in large part by the MoU with KOMCA. This partnership is a symbol of their dedication to fostering creativity and defending the rights of creators. The MoU is positioned to be a crucial step in establishing a journey of transformation that creates new opportunities for inventive collaborations and partnerships among their esteemed creator members. Melody is at the core of popular music, which is the fundamental cultural wealth of countries like Korea and India. With its illustrious history originating from its many regions, Indian music has become a major global attraction. Korean pop music is widely accepted and can easily be blended with Indian music in its authentic forms, thanks to its catchy rhythms and chorus sections that are reminiscent of Indian music. They think that this is just the start of a deeper relationship between the musical talents of the two nations, which will attract a large number of listeners and increase income. The creators on both sides should be aware of their rights to maximise their earning potential.
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6 Dec 2024
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