Wave, TVING, and Watcha Form OTT Music Copyright Countermeasure Council

"Let's Resolve Music Copyright Fees Through Joint Consultation"
Request for Joint Consultation to Korea Music Copyright Association

[Asia Economy Reporter Kim Heung-soon] The domestic online video service (OTT) industry has requested joint consultations with the Korea Music Copyright Association (KOMCA) to facilitate smooth negotiations on music copyright fees.

On the 21st, three domestic OTT companies?Wavve, Tving, and Watcha?announced that they recently formed the 'OTT Music Copyright Countermeasure Council' and sent a joint consultation proposal letter to KOMCA.

Through the letter, KOMCA stated, "We hope that through sufficient consultations, we can promote copyright protection and smooth usage, thereby maximizing benefits for both music rights holders and users."

Until now, KOMCA and domestic OTT companies have been negotiating music copyright fee contracts, but conflicts arose due to significant differences in their positions regarding the collection regulations.

OTT companies have expressed their intention to pay copyright fees according to the current collection regulations and to discuss revisions to these regulations if necessary. On the other hand, KOMCA has insisted that OTTs should pay significantly increased usage fees through a new method rather than the current regulations, preventing the negotiations from reaching an agreement.

A representative of the OTT Music Copyright Countermeasure Council said, "The OTT industry respects copyrights and is willing to promptly conclude negotiations and pay usage fees to rights holders," adding, "We hope that usage fee contracts will be concluded at a reasonable level based on objective grounds."

This content was produced with the assistance of AI translation services.