The Korea MusicCopyright Association (Chairman Hong Jin-young, hereinafter Haneum Lower Association) announced on the 8th that the Copyright fee collected from overseas music Copyright organizations by September 30 this year was about 7.9 billion won, exceeding 7.7 billion won collected during the past year. “The K-pop artists, who are popular overseas, such as BTS, Wanna One, and TWICE, are now returning to the national benefits,” said Han Myoung-hyup. “We will become an association that fully supports music writers who are rooted in the continued growth of K-pop.”
“The K-pop boom, which has become stronger this year, is expected to make overseas Copyright fees grow more than now, because the period of grace is about six months to one year due to the nature of the collection of overseas Copyright fees,” said a source from the Korea Federation of Korean Industries. “It’s the one,” he said.
In fact, the music chart statistics of YouTube, a global video service, show that the music of K-pop singers is loved regardless of country and continent. As of the second week of October, 19 Korean songs ranked in the top 100, with BAAM (Momorand), Toudoudo (Black Pink), and BDZ (TWICE) ranking third, ninth and 10th respectively on the YouTube Music chart in Japan.
In addition, BTS' IDOL ranks 38th on the Norwegian chart, 66th in Australia, 57th in Canada, and 65th in Chile. Super Junior's ONE MORE TIME ranks 73rd on the Mexican chart.
The management of overseas Copyright fees is made up of 'mutual management contracts' between trust organizations. Mutual management contract is a contract that collects the usage fee of music works used in each country by trust organizations of the country and then delivers the usage fee to the trust organization of the country where the authors who created the work belong. For example, the Korean Music Music used in Korea is collected instead of the Korean Music Music and sent to the American MusicCopyright organization. On the contrary, Korean Music used overseas collects charges from each country and sends them to the Korean Music.
kim eun-gu
0 Comments