IPRS releases additional tranche of relief fund for its members

~The fund will support around 3500 authors and composers from the music fraternity ~

Bengaluru, 20th May 2020 With the world under lockdown battling the COVID pandemic, music as an art form has brought solace to millions of people across the globe. Be it any genre – jazz, rock, pop, classical, folk or country, music has helped people and communities come together and worked as a soothing balm on the weariness resulting from a prolonged lockdown and helped people deal with these difficult times in a positive way. Unfortunately, the music community while trying to spread cheer everywhere has also not been left unimpacted.

The Indian Performing Right Society Ltd (“IPRS”) had in April announced a significant financial package to help thousands of authors and composers address their essential needs during the initial stages of the lockdown. IPRS has now announced the release of an additional tranche of emergency relief fund for its members. The fund will support around 3500 authors and composers in the music fraternity, across the country, whose livelihoods have been deeply impacted by COVID19. IPRS is taking all required measures to facilitate distribution of the relief fund on an urgent basis.

Mr. Javed Akhtar, Chairman of the IPRS said, “IPRS was established with the objective of helping the creative music fraternity grow and flourish and this holds true now more than ever when our community is in dire need because of these unprecedented times. Our initial financial assistance package in April 2020 brought much needed relief to the community and we hope the additional money that is being released now will help again to provide necessary respite at this moment. I would humbly urge everyone to come forward and help others in this time of distress in whatever capacity they can. It is only if we come together and stand united against this crisis that humanity will be able to overcome this situation.”

On the occasion, Mr. Aditya Gupta, Director of Aditya Music and Board member of IPRS, said, “We are the first and the only label from south on IPRS board. And we are working very hard to get the rightful royalties for all our author and composer members from south.” 

On the occasion Mr. U. Vidyasagar, composer & musician and Board member of IPRS said, “This crisis has been the most severe times for all of us. The South Indian Music fraternity is proud of IPRS for coming out to support musicians and composers in such difficult times. These are difficult times and we have to stand by each other and look after our community. I’m glad to be a part of such noble initiative. “

On the occasion Mr. Mr. Sahithi Cherukupalli, lyricist and Board member of IPRS said, “ These are testing times for all of us. This pandemic has created financial uncertainties across sectors. I am very heartened that IPRS has stepped forward in time to help those in need. This small act of humanity will be remembered by all for many more years to come.”

Mr. Rakesh Nigam, CEO of the IPRS said, “As a responsible copyright society, it’s our duty to extend our support to the music industry in whatever way possible. We are trying our best to amplify our efforts in providing financial assistance to our members and ensure they have some income available to them while all other streams of earning a livelihood have temporarily dried up.”

City Today News

(citytoday.media)

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