THE Chairman of Broadcasting Organisation of Nigeria (BON), Mr. John Momoh, last Monday, pledged his organisation’s co-operation with the Copyright Society of Nigeria (COSON) to ensure that all broadcast stations in Nigeria pay agreed music copyright royalties.
Momoh who is also the Chairman, Channels TV, noted that this is in fulfilment of the obligations of the stations under the COSON/BON/IBAN/NBC/NCC/ Agreement of 2014.
According to Momoh, every law in the land must be respected and there is no reason any broadcast station in Nigeria should avoid payment of music copyright royalties as provided under the law.
“I pledge my commitment to work with COSON and to ensure full compliance from our members. This meeting is long in coming. We will meet with our members around the country. I am a stickler for the obedience of the law; It is imperative and obligatory that we pay what we have agreed to,” he stated.
Commending the new Chairman of BON for taking the bull by the horn and creating the atmosphere for peaceful resolution of the issues, COSON Chairman, Tony Okoroji, said that his body remains committed to ensuring that Nigeria is a nation in which intellectual property rights are highly respected because according to him, respect for intellectual property is critical to tapping the significant economic potentials of the nation’s creative industries for national development.
He also said that he remains fully dedicated to complete transparency, accountability and comprehensive reporting to the different COSON stakeholder groups which he said are the hallmarks of the success and continued growth of COSON.
One of the key decisions taken at the meeting is to extend the life of the 2014 royalty agreement meant to terminate in December 2016. The agreement is now to terminate in December 2017 without any increase in tariffs.