A new scheme to collect music royalties in the UAE is expected to boost the fortunes of record companies, which lose millions of dollars a year due to regional copyright infringements.
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The law requires a fee must be paid each time music is used on TV, radio or during live public events. Globally, music rights are worth more than US$10 billion (Dh36.73bn) a year, mostly channelled to record labels and artists via royalty "collection societies".
However, there are no rights-collection organisations in the Gulf, making it difficult for royalty fees to be paid.
But Emaar said this week it would pay royalties for the music played at its Dubai Fountain light show near the Burj Khalifa, through an agreement with the music rights-collection agencies PRS for Music and Sacem. The Dubai developer says it has started negotiations to licence music used at its other properties
The mechanism created by PRS for Music and Sacem could be extended to UAE broadcasters, the majority of which do not pay any royalties for the music they use on air.
"Our hope is that this will encourage other businesses to now also respect the rights in the music they use," said Iain Kemplay, the head of international licensing atPRS for Music.
"We have been speaking regularly with major TV and radio broadcasters, 'live' music and event promoters and airlines about licences to cover their extensive use of music."
bflanagan@thenational.ae
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
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Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
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Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
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Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
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Coming soon
Torno Subito by Massimo Bottura
When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.
Akira Back Dubai
Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as, “an innovative Japanese cuisine prepared with a Korean accent”.
Dinner by Heston Blumenthal
The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems.
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The specs
Engine: 2.0-litre 4-cyl, 48V hybrid
Transmission: eight-speed automatic
Power: 325bhp
Torque: 450Nm
Price: Dh359,000
On sale: now