Sunday , October 2 2022

Music copyright center earns $42 mln in 20 years

The Vietnam Center for Protection of Music Copyright (VCPMC) said it has collected over VND1 trillion (over $42.2 million) in copyright since its inception in 2002.

VCPMC’s revenues had increased from VND78 million in 2002 to VND160 billion last year, it said at a press conference Tuesday. It expects to earn more than VND230 billion this year.

Dinh Trung Can, general director of VCPMC, said revolutionary music earned the most royalties since it is often used in radio, television, and cultural programs.

Following that is pop music, which is usually beloved by mass audiences for a brief period of time before dissipating. Classical music came in last place since it is only sought after by a small number of listeners.

Can said the number of musicians who joined VCPMC has grown from 240 in 2002 to 5,300 this year.

The center has signed bilateral arrangements with approximately 200 countries and territories, with authorization from over five million musicians.

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