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The Summit reached a resolve that urgent steps be taken to align the music industry in Nigeria with developments in other parts of the developed world in the digital space. It was also decided that to protect investments of stakeholders in the industry, necessary action must be taken to ensure that henceforth the rights and obligations of every stakeholder must be understood and respected. The Summit also resolved that action be taken for continuous education and retraining of stakeholders, judges charged with adjudicating intellectual property matters, legislators and regulatory officials.
Because of the extensive use of Nigerian music across the world, it was decided that a strong database of the different right owners in music and related agreements and assignments be developed so as to make music licensing less cumbersome. It was also decided that a scheme be devised to immediately deal with the emerging scourge of unauthorized commercial offline digital download of popular music taking place in different Nigerian cities.
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The Summit rose with the setting up of a 14 member working committee which was given a 6 weeks mandate to articulate precise plans for addressing the issues raised at the Summit.
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Also at the summit were Mr. Joel Ajayi, National President, Music Label Owners Association of Nigeria, Engr. Sharon Wilson, National President, Music Producers and Marketers Association of Nigeria, Mr Laolu Akins, ace producer, Chinedu Chukwuji, General Manager, COSON who coordinated the event.
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Reacting to the events at the summit, Erelu Keji Okunowo, former CEO of Sony Music Nigeria, former Chairman, International Federation of Phonographic Industries and Managing Director of MasterSounds, said, “I must say that I am really really happy that the industry has gotten this far. I also must commend the effort of COSON. Education is an ongoing thing. We must continue to learn. So I came here today to learn and actually hear what the youth have to say. I am very glad that I can see the energy. I can see the intelligence. I can see that the zeal to be professional, to be doing the right thing and to ask that things should be done properly because Nigeria so far especially in our industry, we have lived in chaos and to see that there is that cry for us to regularize, to sanitize and to create platforms or template where things can be done better for future generation.”
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