India’s only copyright society representing the authors, composers, and publishers of music, The Indian Performing Right Society Limited (IPRS), announced the implementation of the world’s most advanced operating system for copyright societies.
With this investment, using cutting edge technology developed by Canada’s Dataclef, IPRS aims to provide the highest level of transparency for its members and licensees. With an authoritative database of millions of musical works and unlimited scalable processing capacity, this robust system will provide the best-in-class monetization capacity for the society’s members.
To provide greater control and transparency to its members, IPRS is launching a portal where every member can edit personal information, access the list of his works, request modifications, submit new registrations, view a detailed royalty tracking and history of royalty payments.
IPRS 2.0 also includes license administration. Strategic deals with leading brands, digital music services, and OTT players have already opened new revenue for its members: YouTube, Facebook, Apple Music, Spotify, Amazon Music, ALTBalaji, or Ola, to name a few. With its scalable system, the society can accurately process data and claim royalties across all broadcast and digital platforms.
While IPRS is collecting royalties for Indian and international repertoire in the Indian market, it also collects royalties for Indian musical works used in overseas markets. This process involves managing various data formats, varied and fluctuating currencies, and intense coordination with societies across the globe.
Speaking on the upgrade in service, Javed Akhtar, chairman at IPRS added: “The world as we know it is evolving at a furious pace and our music industry is no different. IPRS 2.0 is a momentous step forward in keeping pace with the changing times and bringing about positive change in our members’ lives. Our focus is clear and two-fold; on the one hand we want to bring in greater transparency. On the other hand, we want to leave no stone unturned and leverage every opportunity to ensure our members can reap all benefits possible of their hard work and creative acumen. Our aim is to create a more engaged eco-system where we continue to grow and flourish as a community-driven by our shared passion and drive.”