Good times are finally here for Nigerian artistes as they would now get royalties from foremost radio station, Wazobia FM.
Last week Monday, an agreement was officially signed between Globe Broadcasting & Communications Ltd, which owns Wazobia FM and Copyright Society of Nigeria (COSON) in that respect.
The event took place at The Place, Ikeja, Lagos and was attended by COSON boss, Tony Okoroji; Wazobia FM boss, Engr. Amin Moussallli, Baba Dee, Patrick Doyle, Efe Omoregbe and other stakeholders in the music industry. Also speaking, Engr. Moussalli said that he would want other stations to join hands in doing the right thing; paying royalties to artiste for the use of their intellectual properties.
With this agreement, Wazobia FM stations across the country are now licensed to broadcast music and sound recordings twenty four hours, everyday.
In June 2012, COSON filed a suit of billion Naira against Wazobia FM over non payment of royalties to artiste for broadcast of their materials on their stations.