May 2, 2016 — The Copyright Society of Nigeria (COSON) recently announced that it will pursue the licensing of sound recording rights exploited by users in all commercial and public settings in Nigeria. This announcement follows months of close cooperation between COSON and the International Federation of the Phonographic Industry (IFPI) to enable COSON to collect and distribute royalties to record companies and artists.
Rob Hooijer, IFPI regional coordinator for Sub-Saharan Africa, said: “We are excited about the potential of the Nigerian music market and we are pleased to partner with COSON to help the industry exercise their rights in Nigeria. We hope that the example set by COSON will encourage other countries and music licencing companies to work with the local and international music industry.”
The news was also welcomed by the wider international music business with Adrian Cheesley, svp Universal Music Group, calling the development a “very important step benefiting artists, the local recording industry and the broader African music community.”
Addressing the management of the society on the development, the Chairman of COSON, Chief Tony Okoroji said, “After several consultations and careful review of the Nigerian Copyright Act, international best practices in collective management of music copyrights and the needs of our members, assignors and affiliates, the COSON Board has decided that it is in the best interest of stakeholders that the licensing drive for the rights in sound recordings is immediately intensified. As a very important organ in the Nigerian music industry, we must constantly review our processes and find ways with which we can serve the people we represent better. We will continue to ensure that the collective interests of copyright holders in the Nigerian music industry are upheld at all times.”
IFPI is a non profit organization registered in Switzerland and with offices in London, Brussels, Hong Kong and Miami. It has about 57 Countires affiliated groups and its members operate in about 61 markets. According to IFPI, worldwide collections of broadcasting and public performance rights amounted to €2.3 billion ($2.6 billion) in 2015 and account for 14 percent of overall industry revenues.