Eko Hot Blog reports that House of Representatives, on Wednesday, assured the family of late Ilerioluwa Aloba, popularly known as Mohbad, of its commitment to secure proper compensation and royalties from his musical works.
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This was made in a statement by the Chairman of the House Committee on Justice, Olumide Osoba, representing the Abeokuta North/Odeda/Obafemi-Owode Federal Constituency of Ogun State stated this during an interactive session on the rights and royalties of the deceased artiste who passed on September 12, 2023, at the age of 27.
This was followed by a motion of urgent public importance moved by alawmaker representing the Ikorodu Federal Constituency, Lagos State, Babajimi Benson.
Osoba called the attention of the importance of securing compensation and royalties, emphasizing that payments arising from the sources are part of revenue streams for artistes.
He also expressed his concern over the prevailing system in the Nigerian music industry, which does not protect the rights of musicians, especially the up-and-coming ones to enjoy the dividends of their crafts.
According to the Ogun Lawmaker, emerging artistes encounter challenges when negotiating fair royalty agreements, particularly when dealing with major record labels, which often capitalise on the vulnerability of musicians to deny them a fair deal.
“It is crucial to recognise that young musicians are often not well-informed about their rights when entering into contracts”, Osoba said.
“This inadequate awareness on the part of musical artists makes it difficult to get adequate compensation for their works, particularly during disagreements with their record labels.
“Additionally, there is a need to adapt the music industry to the digital age. While digital streaming platforms have revolutionized music consumption and distribution, young musicians often struggle to earn a substantial income due to outdated royalty structures.
“Advocating for revised royalty models that accurately reflect the value of music in the streaming era is essential,” he added.
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In line of this, Osoba said the committee has requested the relevant information relating to Mohbad’s death and modalities to ensure his royalties and other benefits are secured.
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