Legal Drama, Music Business

NBC Puts an End to COSON v. BON/IBAN Fight, READ Pronouncements and the Way Forward

Share

After a contentious standoff in the COSON v. BON /IBAN fight, NBC helps put an end to the dispute. It has also issued  pronouncements which you can read below. NBC’s mediator role was led by AML reader Emeka Mba. Congratulations to all for seeing the bigger picture and getting back to the business of music.

Some key provisions as reflected on the picture below are as follows:

1.  BON & IBAN recognize that they have a duty to pay copyright royalties.

2. They will honor those legal duties.

3. They will make those payments to COSON, obviously because COSON has acquired the legal right to act in behalf of the  artists.

4. They will keep a clear record of payments made.

5.  A neutral body consisting of members from NBC, NCC, COSON, BON/IBAN will be  established to review royalty tariffs and ensure they equitable. (This was a key point I have suggested here on AML this issue). It is good to see the parties were thinking along the same lines and have implemented this.

6.  The ban should be suspended to move the deal struck forward.

7. The agreement entered into by all will become binding in 90days post the issuance of the pronouncements below.

Good look people. It is going to be a good year, I think.

-Uduak

 

NBC Ban

Listen to the Latest AML Podcast Episodes

Share

Africa Music Law™

AFRICA MUSIC LAW™ (AML) is a pioneering music business and entertainment law website and podcast show empowering the African artist and Africa's rapidly evolving entertainment industry through brilliant music business and entertainment law commentary and analysis, industry news, and exclusive interviews.

For general inquiries, advertising, licensing, or to appear on the show as a guest, please email (info@africamusiclaw.com). Thank you for visiting.

ABOUT THE FOUNDER

Credited for several firsts in the fashion and entertainment industry, Uduak Oduok (Ms. Uduak) is a fashion and entertainment lawyer, speaker, visionary, gamechanger, trailblazer, and recognized thought leader, for her work on Africa’s emerging global fashion and entertainment markets, and the niche practice of fashion law in the United States. She is also the founder of ‘Africa Music Law,’ an industry go-to music business and law blog and podcast show empowering African artists. Her work in the creative and legal industries has earned her numerous awards and recognitions, including an award from the American University Washington College of Law for her “legal impact in the field of intellectual property in Africa." She has also taught as an Adjunct Professor at several institutions in the United States. For more information, visit her at https://msuduak.com.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *