The Copyright Society of Nigeria (COSON)
has announced they will be distributing the sum of one hundred million
Naira (N100m) this December as money gathered from unpaid copyright
royalties.
The collective management organization
says it has reached an understanding on the payment of copyright
royalties for the music and sound recordings used in hotels and similar
establishments across Nigeria.
The development was announced by Otunba
Segun Runsewe, Director General, Nigerian Tourism Development
Corporation (NTDC) at a joint meeting between the leaders of the
Nigerian hotel industry and COSON which took place at Protea Hotel, GRA
Ikeja on Tuesday, December 3, 2012.
Those present at the meeting include Tony Okoroji; President, Hotel and Personal Services Employers Association of Nigeria (HOPESEA), S.A. Alabi; President, Hotel Owners Forum Abuja (HOFA), Onofiok Ekong and the representative of the Director General of Nigerian Copyright Commission (NCC), Chris Nkwocha.
‘I wish to reaffirm that every
Nigerian musician, investor in the music industry and all foreigners
whose works are used in Nigeria will be beneficiaries of this
development. I want to say it loudly and clearly that no one qualified
to receive income from the use of music or sound recordings in Nigeria
will be excluded from the income resulting from this agreement’ Tony Okoroji stated at the meeting.
Also present at the event were, Secretary General of HOPSEA, Adeniyi Ologun; members of the COSON Board, Adewale Ayuba, Efe Omorogbe, CEO of Now Muzik, Alhaji S. Agboola, Dare ‘Baba Dee‘ Fasasi, Azeezat Allen, Joel Ajayi, Audu Maikori represented by Aibee Abidoye and COSON General Manager, Chinedu Chukwuji.
It will be recalled that on December 13,
2011, COSON resolved to distribute the sum of more than N25m (Twenty
Five Million Naira) to members across the country. Hundreds of Nigerian
musicians reportedly benefited of that distribution.
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