Legal Drama, Music Business

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

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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

 

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Africa Music Law™

AFRICA MUSIC LAW™ (AML) is a pioneering music business and entertainment law blog and podcast show by Fashion and Entertainment Lawyer Ms. Uduak Oduok 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.

Credited for several firsts in the fashion and entertainment industry, Ms. Uduak is also a Partner and Co-Founder of Ebitu Law Group, P.C. where she handles her law firm’s intellectual property law, media, business, fashion, and entertainment law practice areas. She has litigated a wide variety of cases in California courts and handled a variety of entertainment deals for clients in the USA, Africa, and Asia.

Her work and contributions to the creative industry have been recognized by numerous organizations including the National Bar Association, The American University School of Law and featured in prestigious legal publications in the USA including ABA Journal and The California Lawyer Magazine. She is also an Adjunct Professor at the prestigious Academy of Arts University in San Francisco.
For legal representation inquiries, please email (uduak@ebitulawgrp.com). For blog related inquiries i.e. advertising, licensing, or guest interview requests, please email (africamusiclaw@gmail.com). Thank you for visiting Africa Music Law™.

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