You are here: Home » PTI Stories » National » News
Business Standard

FIR against Yash Raj Films for 'pocketing' Rs 100 cr royalties

Topics
Entertainment Culture

Press Trust of India  |  Mumbai 

An FIR was registered against Yash Raj Films Company and its directors for allegedly pocketing Rs 100 crore by collecting music royalties of members of the Indian Performing Rights Society (IPRS) by Economic Offences Wing (EOW) of the Mumbai Police, an official said on Wednesday.

The IPRS recently filed a complaint against the Bollywood production house with the EOW.

The Society alleged that Yash Raj Films did not let them collect royalties from telecom companies, radio stations, and music streaming platforms.

The FIR mentions names of YRF company and its directors Aidtya and Uday Chopra, an official said.

The complainant claimed the IPRS has the exclusive right to collect royalties on behalf of artists and music producers but the YRF collected it unauthorisedly.

"Yash Raj Films Company and its directors allegedly pocketed Rs 100 crore by collecting music royalties of members of the Indian Performing Rights Society (IPRS)," the official said quoting the complaint.

The case has been registered under sections 409 (criminal breach of trust) and 34 (common intention) of the Indian Penal Code (IPC) and relevant sections of the Copyright Act, the official said.

"Since this is a legal case the board cant comment about it until tomorrow," said a representative of the IPRS.

The YRF has not issued any statement yet.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 20 2019. 18:15 IST
RECOMMENDED FOR YOU