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The Korea Music Copyright Association (KOMCA) announced on August 27 that it renewed its music copyright licensing agreement with Netflix.
The renewed agreement covers the full collection of fees for music used in Netflix shows and films over the five-year period from 2021 to 2025. It is expected to mark an important turning point in the settlement of music copyright royalties for OTT platforms and the protection of the rights and interests of music creators.
KOMCA explained that this renewal is particularly significant as it represents tangible progress in resolving the issue of settling music copyright fees for OTT platforms, which had remained deadlocked for a long period.
Previously, in 2018, KOMCA and Netflix entered into a licensing agreement covering music copyright usage from 2016 to 2020. However, new and subsequent agreements with the OTTs were delayed for an extended period due to discussions over how to apply the OTT music copyright collection regulations approved by the Ministry of Culture, Sports and Tourism, as well as how to calculate the applicable fees.
A KOMCA official stated, "We hope that this will serve as an opportunity for music usage fees on OTT platforms to be settled in a stable manner and become a positive benchmark for future negotiations with other platforms."
The renewed agreement covers music from numerous Korean films, dramas, and animated works that have gained popularity both domestically and internationally. Under the renewed agreement, Netflix has paid music usage fees for the period from 2021 to 2025, and KOMCA plans to begin distribution sequentially after reviewing the relevant data.
In addition, KOMCA explained that, taking this renewal agreement as an opportunity, it has established collection regulations for Netflix, under which music copyright fees for music used by Netflix will be collected sequentially going forward.
KOMCA Chairman Lee Si Ha stated, "The collection of copyright fees from OTT is an issue that I have emphasized as a key priority for the association since before taking office. As Korean content and music are being loved around the world through Netflix, [we] have done my utmost to ensure that the creators who have produced these works behind the scenes also receive the spotlight and copyright fees they rightfully deserve."
Source: Hankyung Business
