KUALA LUMPUR: The Ministry of Domestic Trade and Cost of Living (KPDN) will introduce operating guidelines for Collective Management Organisations (CM...
: The Ministry of Domestic Trade and Cost of Living will introduce operating guidelines for Collective Management Organisations , as a key measure to improve royalty claims, particularly for local artistes.
He further noted that the guidelines would empower the Malaysian Intellectual Property Corporation to oversee the management of royalty collection and distribution by CMOs, enhancing transparency and accountability, to protect the rights and welfare of artistes and consumers alike. “A total of 495 artistes were registered under PRISM. Some of them have received their royalties, but 164 artistes are still awaiting payment. Alhamdulillah, this year, we have successfully met with 25 artistes, who have signed the necessary documents for the royalty claim process. Within two weeks, the payments will be credited to their accounts,“ he said.
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