Audio-video companies seek more royalty from radio stations.
About 60 audio and video companies in the state have joined hands to fight for their rightful royalty from FM radio stations for the content supplied by them.
To ensure that they receive more royalty, they have formed the Karnataka Audio & Video Owners’ Association.
They allege that FM radio stations pay a pittance as royalty to the audio companies for content.
“We have been paying lakhs of rupees to Kannada film producers to buy audio rights. The FM radio stations play Kannada film songs supplied by us and earn lot of revenue through advertisements but they want to pay only two percent of the net revenue,’’ said Mohan of Anand audio and treasurer of the association.
FM radio stations used to pay a decent amount but now they want to pay only two per cent of advertisement revenue to the audio companies.
“Anand audio company used to get `1.5 lakh per year for supplying audio of a Kannada film to a FM radio station. Now, it will get only Rs10,000 for a year if we agree for two per cent royalty,’’ he said.
Coming down heavily on FM radio stations for not paying a decent amount to audio companies, Velu of Lahari Audio Recording Company and president of the association told the FM radio stations not to ignore audio companies in the state.
“We will stop providing audio content to the FM radio stations if they do not want to pay 60% of the advertisement revenue. It is the audio companies that pay lakhs of rupees to Kannada film producers for audio rights,’’ said Velu. Stating that audio companies have been incurring a loss of Rs300 crore due to piracy, Velu said a delegation led by Tara Venu, chairperson of Kannada Chalanachitra Academy, met chief minister DV Sadananda Gowda on Sunday and urged him to tell the president of India to give her assent to the Anti-goonda Act to curb the piracy menace in the state.
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