The NLSIU-IMI Roundtable on Unlocking Fair Value to Stakeholders took place in National Law School of India University (“NLSIU”) on September 5, 2019.
The Roundtable consisted of stakeholders from the Media and Entertainment industry in India, including esteemed experts from International Federation of the Phonographic Industry (“IFPI”), the organisation that represents the interests of the recording industry worldwide. Mr. G.R. Raghavendra, Joint Secretary, Department of Justice, Ministry of Law & Justice, Government of India, graced the Roundtable as the Chief Guest. The welcome address was given by Professor T Ramakrishna, Professor of Law, Chair Professor (IPR), NLSIU. Mr. Lauri Rechardt, Chief Legal Officer, IFPI was the Guest of Honour of the NLSIU-IMI Roundtable. In his inaugural address, Mr. G.R. Raghavendra, gave his insights into the reasons for introduction of Statutory Licensing in India. He stated- “Statutory licensing is not a permanent phenomenon, it was only a temporary support to the industry to stand; it can be taken back “. Mr. Blaise Fernandes set the road-map of the event by identifying the hurdles to achieving fair value for the recorded music industry in India.
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