Is the revenue from television licensing increasing with the rise in music related shows on TV?
With the success of music based reality shows, there is a different trend to the value of music on TV. There are channels which thrive on music based shows and in the short run, this has started to give us a reasonable amount of revenue. But there are still problems because some broadcasters, specially the regional ones, do not have legitimate licenses for using third party content. The revenue from television licenses, which was 10 per cent of the whole last year, has doubled to 20 per cent. We are also contemplating action against those who do not have legitimate licenses. In the first phase, we targeted the big broadcasters and have been successful in converting them into legitimate users. In the second phase, we would be targeting the niche or regional channels, so hopefully, the percentage share may go up to 25 per cent by next year. The radio industry has been demanding rationalization of music royalties. Has any amicable solution emerged from talks with radio operators? The PPL
