Chennai: India’s only copyright society representing the authors, composers, and publishers of music, the Indian Performing Right Society Limited (IPRS), has announced the implementation of the world’s most advanced operating system for copyright societies.
“With this considerable investment, using cutting edge technology developed by Canada’s Dataclef, IPRS will 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 monetisation capacity for the society’s members,” it said in a statement.
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 state-of-the-art 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 quadrillion lines of data and claim royalties across all broadcast and digital platforms,” it added.
Vidyasagar, composer and musician and board member of IPRS said, “IPRS 2.0 is a welcome move and charts the future for IPRS. The recent developments and technological advancements will be bringing in more efficiency, transparency giving control to our members to manage their own data and account. Further, this will usher in world class systems and processes helping our members to garner better revenues from their assets.”
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.