A group of video streaming services in South Korea are protesting at plans to increase the royalties they pay for music used in the content on their platforms.
The Korea Herald has the story, which explains that the Korea Music Copyright Association (Komca) proposed an increase in rates for Korean video services from 0.625% of their revenues to 2.5%, matching Netflix.
The Korean Culture Ministry didn’t totally agree, but it eventually set the rates at 1.5% for this year, expanding to just under 2% by 2026.
Now an organisation set up by streaming services Watcha, Tving and Wavve is challenging the decision with a lawsuit. Among their issues with it: the claim that the music used in TV shows, films and animation has already been paid for at the production stage, meaning that the increased rates would effectively mean it’s being paid for twice.
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