Indian royalty collection society the Indian Performing Rights Society (IPRS) banked Rs172.6 crore (around $23.2m) in the financial year ended March 2020.
This was good enough to place India at number 32 in the global rankings for music rights collections, according to umbrella body CISAC. That might not seem like a high ranking, but it’s a rise of fourteen spots from the 2019 report.
The 2020 figures were boosted thanks to past settlements from TV and radio users as well as deals struck with Facebook and audio-streaming service Hungama Music, the CISAC report states.
The post is from Music Ally.