The Chief Executive Officer of the Musical Copyright Society of Nigeria (MCSN) has revealed why it decided recently to settle its long-running rift with entertainment group MultiChoice Nigeria.
The CEO of MCSN, Mayo Ayilaran, in a statement issued on Friday said that the organisation decided to settle its long-running rift with MultiChoice Nigeria so as to work together as ‘partners in progress.’
According to Mayo Ayilaran, “MCSN’s management would make a formal report of the outcome of the settlement with MultiChoice Nigeria to its relevant authorities in due time.
Ayilaran said, “MCSN and Multichoice Nigeria now see each other as sister organisations that must work for the success of the other, particularly in the area of exploitation of and remuneration for intellectual works.”
He also stated that everyone who ought to be paid from the settlement would get their money. He said, “MCSN’s management would make a formal report of the outcome of the settlement to its relevant authorities, particularly the Board of Directors and Members’ General Meeting through formal communications and meetings.
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“Management would then make proposals to the bodies on how the money should be allocated in line with best practices, all which is still an ongoing process. Since the settlement and payment were recorded in the course of 2021, MCSN would draw a line between which years should what particular payment fall in and deal accordingly.
“One thing which MCSN has made clear and which its Board agrees with is that all liabilities from the past would not be loaded on and borne by this single payment, as this settlement is purely an opening for more past, present and future incomes.
“The organisation therefore assures everyone that all those who have any contractual, legal or even moral claim to the payment would be paid without any form of sentiment, emotion or blackmail. It is hereby directed that all members who have registered and have been admitted into the membership of the society since 2006 should update their records, particularly their bank details, with the society,” Ayilaran added.
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