This is the best time for musical copyright society as the Musical Copyright Society Nigeria Ltd/Gte (MCSN) has announce that it has reached an amicable settlement with Multichoice Nigeria Limited on the judgment which MCSN secured against Multichoice both at the Federal High Court and the Court of Appeal, for the broadcast and distribution of musical works in the repertoire of MCSN on all Multichoice channels within the Federal Republic of Nigeria. This was made known in a statement released by the Copyright Society on Tuesday, August 24, 2021
According to the settlement also covers other exploitations of MCSN’s repertoire on other sister platforms of Multichoice up to 31st December 2020.
Having attained this milestone, MCSN and Multichoice Nigeria Limited now see each other as sister organisations which must work for the success of the other, particularly in the area of exploitation of and remuneration for intellectual works, notably musical works, sound recordings and ancillary works.
Since the information filtered out that Multichoice has settled with MCSN and that payment has been made, MCSN has been receiving series of inquiries and in some cases, outright demand for a share of the money paid to it by Multichoice.
In response to this inquiries and demands, MCSN would want to assure everyone that due process is being followed in dealing with the subject matter as follows:
MCSN’s Management would make a formal report of the outcome of the settlement to its (MCSN’s) relevant authorities, particularly the Board of Directors and Members’ General Meeting in formal communications and meetings.
Management would then make proposals to the bodies on how the money should be allocated in line with best practices, all which is still an ongoing process.
Noting that the settlement and payment were recorded in the course of the year 2021, MCSN would draw a line between which years should what particular payment fall in and deal accordingly. For instance, MCSN has to determine what allocation would be made to each year from 2006 and who benefits from whatever distribution allocated to each year, from which all MCSN’s members and international affiliate societies would certainly benefit.
One thing which MCSN has made clear and which its Board agrees with is that all liabilities from the past would not be loaded on and borne by this single payment, as this settlement is purely an opening for more past, present and future incomes.
MCSN would therefore want to assure everyone that any and everyone who has any contractual, legal or even moral claim to the payment would certainly be paid, without any form of sentiment, emotion or blackmail.
Those who have genuine stakes and claim in MCSN should have their fingers crossed and await development.
It is hereby directed that all members, who have registered and been admitted into the membership of the Society since 2006 should update their records, particularly their bank details with the Society, as the Society have migrated away from cheque and cash payments.
Recall that 5.9billion was recently paid by Multichoice to MCSN through Appeal court judgement. Content creators and music artists are implored to register and upload their contents on GoCreate to access the fund.
Skit Maker “Cute Abiola” Shares First Pictures in office as Special Assistant To Kwara State Governor
Abiola is a former Naval Officer who has resigned to concentrate on his comic business. The skit maker/ honorable, took to his instagram earlier to announce his resignation from the Nigerian Navy.
“Nigerian Navy has become my roadmap to a sustainable career path. I was overwhelmed with regards to the approval of my exit from the Navy by the Chief of Naval Staff so as for me to have enough time to pursue my dreams. Thank you Nigerian Navy. ONWARD TOGETHER!!!”—he wrote.
He later announced his appointment as Special Assistant on Creative Industries to Kwara State Governor, AbdulRahman AbdulRazaq.
Nwoko Attacks Wike Again – Asks Him To Account For Rivers Money
A few days after calling for the expulsion of Rivers state governor, Nyesom Wike from the PDP,
former Delta Lawmaker and billionaire businessman, Ned Nwoko has accused the fiery governor of squandering the Paris Club refund that accrued to the state and local government areas for self-gratification.
Mr Nwoko, who is the Peoples Democratic Party (PDP) senatorial candidate for Delta North, stated this in a statement on Tuesday.
Mr Nwoko has been engaging the Rivers governor whom he accused of instigating the crisis in the PDP for selfish reasons after failing to win the presidential primary of the party and also failing to secure a slot as a running mate to Atiku Abubakar, the PDP presidential candidate.
Mr Nwoko had earlier described Mr Wike as a “nuisance” and called for the expulsion of the governor from the party.
Mr Nwoko described Mr Wike as a “failed obscure lawyer,”. He challenged the governor to disclose his source of livelihood outside political office which, according to him, Mr Wike “obtained through rascality and dubious tactics.”
“The Rivers state governor squandered the Paris club refund, which accrued to the state, diverted the entitlements that ought to have been paid the local governments, for self gratification. How did he utilise the money? He mismanaged it.
“Instead, Wike is gallivanting around the world wasting Rivers State’s money, chasing shadows and in the process 25 innocent kids died in the state hospital because of lack of electricity in the hospital. In a civilised society, Wike should have resigned. Indeed he would be prosecuted for the deaths of these innocent kids. This is unpardonable criminal negligence, yet a power-hungry governor like Wike is busy looking for another political office to continue pillaging public resources while his people suffer.”
Business10 months ago
Fitch Affirms Ecobank Nigeria’s Stable Outlook
News1 year ago
PLEASE HELP SAVE LITTLE AISHA’S LIFE
News2 years ago
GTBank Out With 2020 Full Year Audited Results…Reports PBT of ₦238.1 Billion
Entertainment5 months ago
Meet Upcoming US based Naija Female Entrepreneur, ABIGAIL JOSEPH. Talks About Her Fashion and Lifestyle
News10 months ago
SSANU Honours Kogi Politician, Abubakar Ibrahim
News11 months ago
“Save Our Souls From Bandit Sponsors, Land Grabbers in Police Uniform”- Oreki Villagers To IGP
Politics2 years ago
The Truth About Bello’s “Presidency” | By Shadrach Emmanue
Sports1 year ago
Egbe rallies support for Pinnick