Recently there were reports that the ED raided the offices of several music companies including T-series, Yashraj, Sony, Saregama and Universal Music following FIRs filed by artists under Copyright Act and over non-payment of royalties. The raids were carried out in Mumbai, Delhi, Noida and Kolkata offices. Some artists have registered FIRs against various music companies and societies registered under the Copyright Act i.e. Phonographic Performance Limited (PPL) and Indian performing right society (IPRS).
Amidst all the chaos, Mr. Vinod Bhanushali, President of Marketing, Media, Publishing and Music Acquisition, T-Series, released an official statement and said, “As law-abiding citizens, whatever documents were required from us we have submitted to the ED team. We have not collected any royalties on behalf of composers and lyricists. We have collected royalties only for our sound recordings, which we are legally allowed to as per copyright law for the film which we have acquired music rights from producers.”
Well, we wonder what the truth really is. Stay tuned for more updates.
