Industry & Economy
-
Radio/TV
Variety
-
Music & Dance
FICCI urges fee for music royalty in radio
Our Bureau
New Delhi
June 21
Industry chamber FICCI has asked the Government to fix a reasonable fee for music royalty to consolidate and ensure sustained growth of the radio industry. The chamber has submitted a memorandum to the Ministry of Information and Broadcasting suggesting that the royalty should be in line with international norms, which is in the range of 3-5 per cent of the annual revenues of a station.
The chamber also suggested a single collection agency for music rights fee or development of a mechanism where one rate is applicable to all agencies or royalty collection bodies.
Private FM radio broadcasters are not allowed to broadcast news and current affairs. This makes private radio the only mass medium not offering news and current affairs as part of their content. The chamber has asked six to eight minutes of news and current affairs to be broadcasted on FM radio under `general entertainment' license. It has argued that with a large percentage of the rural and urban population unable to read and write, they cannot rely on newspapers for news. Likewise, with most people unable to buy TV sets, they cannot be reached through TV. Thus for the poor and under-privileged, the only available medium of news and entertainment is radio, it said
There should be level-playing policies between satellite radio and FM Radio. At present, there is no foreign direct investment (FDI) limit for satellite radio, whereas FDI limit for terrestrial radio is 20 per cent.
FDI norms as in the case of terrestrial FM radio should be applicable to satellite radio also, the chamber asked.
More Stories on :
Radio/TV |
Music & Dance |
Industry Associations
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
