FreeMeNews: COSON Pays 90 Million Naira As Royalties To Artistes

FreeMeNews: COSON Pays 90 Million Naira As Royalties To Artistes

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The Oranmiyan Hall of Lagos Airport Hotel bustled to no end on Tuesday 16th December, 2014 as several musicians of different generations stormed the COSON (Copyright Society of Nigeria)‘s Extraordinary General Meeting.

The musicians, young and old, gathered to approve the distribution of the sum of N90,000,000 to music industry right holders across Nigeria. Following the approval, the distribution commenced immediately. Delivering his address at the event, COSON chairman, Tony Okoroji announced that the sum of N90,000,000 (Ninety Million Naira) is an 80% increase on the sum of N50,000,000 (Fifty Million Naira) which the society distributed in 2013.

Speaking on the society’s plans to significantly increase its distributable income, Okoroji called on the Federal Government to hasten the implementation of the Copyright Levy Scheme saying it is crucial to the survival of the music industry in Nigeria.
Present at the meeting was the Director General of the Nigerian Copyright Commission (NCC) represented by the Lagos Zonal Manager of the commission, Chris Nkwocha and chairman of the newly-registered Audio Visual Rights Society (AVRS), Mahmood Ali-Balogun. ‎Entertainers at the event include the iconic Dan Maraya Jos, Chris Ajilo, Laolu Akins, Majek Fashek, OJB Jezreel, Azeezat, Black O’ Rice, Kenny St Brown and others.

This is the 4th consecutive time since its approval in 2010 that COSON has lived up to its mandate in ensuring that right owners are adequately compensated with what is due.

Source: The Net

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