Royalty payout by year-end


KUALA LUMPUR: The distribution of royalty payments to singers and musicians who have been affected following the dissolution of Music Rights Malaysia (MRM) Bhd on July 10 will be done no later than this December.

The decision was reached by the Malaysian Department of Insolvency (MDI), Recording Performers Malaysia Bhd (RPM) and the Performers Rights and Interest Society of Malaysia Bhd’s (PRISM) performers verification and claims committee after a meeting on Oct 5.

The Domestic Trade and Consumer Affairs Ministry (KPDNHEP) and the Communications and Multimedia Ministry (KKMM) said in a statement that both ministries were concerned with the issue, and hoped the royalty distribution process could be resolved soon.

“Both ministries are committed to developing the creative industry and giving priority to ease business operations and will work together to address this issue based on existing laws,” the statement said.

It added that PRISM members were advised to provide support and cooperate with MDI, as the trustee, to verify those eligible to receive royalty arrears.

According to the statement, artistes could also refer to the Copyright Tribunal under the Intellectual Property Corporation of Malaysia over any dispute.

The Copyright Tribunal may determine issues raised by relevant parties including complaints by the creator of the work, the operator, individuals or organisations, appeals by licensed bodies, as well as applications from any individual.

The tribunal can be contacted via email at copyrightribunal@myipo.gov.my, phone at 03-2299 8921/03-2299 8411 (Secretary, Copyright Tribunal) or via the website www.myipo.gov.my/en/copyrighttribunal/ — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

50% readers found this article insightful

Next In Nation

S. Korean firm invests RM2.3bil to set up copper foil plant in Sabah
MMEA tracking Vietnamese fishing crew who escaped after their boats sank
Covid-19: Cases up by 2,154, bringing total to 310,097 (updated daily)
Health Ministry: 2,154 new cases for 310,097 total, six fatalities bring death toll to 1,159
EMCO at Sri Jelutung quarters in Pekan from Saturday (March 6)
Barisan media chief suspended for releasing unapproved statement by Zahid
Ismail Sabri: Compounds issued to 234 for violating SOP on March 4
Another 231 primary schools to reopen in Sarawak on Monday (March 8)
BN parties never agreed to appeal to King for Parliament sitting during Emergency, say MCA and MIC presidents
Civil servant loses RM28,600 after falling prey to Macau scam

Stories You'll Enjoy


Vouchers