Hong Kong – The licensing dispute between Television Broadcasts Limited (TVB) and Hong Kong Recording Industry Alliance Limited (HKRIA) has been resolved. Both broadcasters have signed an agreement on use of HKRIA’s members’ repertoire up to year 2014, including a settlement of past royalties. The settlement, based on relevant market terms, was reached through the joint efforts of the parties with the recommendation and assistance of an independent Hong Kong accredited mediator. Last year, both companies were involved in a royalty fee dispute when HKRIA increased the fee for its IP from 5 million HKD to 15 million HKD, which TVB felt was unreasonable. As a result of the conflict, music videos from recording artistes under the companies registered with HKRIA were not allowed to air.
Ad – Before Content
Related Articles
- JioCinema set to redefine subscription market with launch of Premium Plans
- Telecom and pay-TV services revenue in Japan to increase at 2.1% CAGR over 2023-2028, forecasts GlobalData
- UKTV has announced the commission of the brand-new series, Mudtown, for its leading crime drama channel, Alibi.
- LUX And MX Player Partner To Challenge Outdated Sexist Scenes With An Innovative Campaign ‘The End’
- CAKE signs deal with ITVX on animated comedy adventure The Guava Juice Show
- Ricky Ow Joins Viddsee’s Board of Directors, Enhancing the Entertainment Platform’s Strategic Vision