"For more than a decade, the recording industry has been complaining that online copyright infringement is devastating the music industry. It's true that the revenue of conventional record labels has plunged in recent years," he said at the inauguration of the 87th Annual Conference and Concerts of The Music Academy here.
Noting that numerous petitions have been filed "routinely" in the courts on this issue, he said, "In spite of effective law in force, its implementation is not as effectual as it is envisaged.
The Copyright Act protects literary, dramatic, artistic and musical works as well as films and sound recordings, he said, adding, copyright ensures certain minimum safeguards of the rights of authors over their creations.
"Copyright infringement is a criminal offence in India and the minimum penalty for knowingly infringing upon a copyright is six months in jail and a fine of Rs 50,000," he said.
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"All stakeholders in the music industry must work together to propel growth - whether it's building the streaming music, and live entertainment markets or curbing piracy," he said.