IPRS distributes royalty worth 13 Crore in one day among music composers and lyricist.
Javed Akhtar, Chairman of IPRS came to distribute 13 Crore received for TV synchronization between all author and composer members at The Club, Andheri West. Rs.10,000 was distributed to author / composer having 10 or less than 10 works registered with IPRS and the balance royalty was distributed equally to all remaining authors / composers which was Rs. 53,000. This TV Synchronization royalty was paid by PPL on behalf of Saregama, Sony Music, Tips, Universal Music, Venus and Aditya Music.