Department of Business and Private Law

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Browsing Department of Business and Private Law by Author "AKINTOYE OLARYIKE DAMOLA and Akintoye, oluwatimilehin Fikayomi"

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    REVIEW OF THE NEW MEDIA, COPYRIGHT, AND THE NIGERIA MUSIC INDUSTRY
    (2022) AKINTOYE OLARYIKE DAMOLA and Akintoye, oluwatimilehin Fikayomi
    A PUBLICATION OF FACULTY OF LAW, REDEEMERS’ UNIVERSITY LAW JOURNAL 2022 By Abstract The Nigerian music industry is about the biggest in Africa. According to a report by Price Waterhouse Coopers (PWC), the Nigerian music industry was worth 40 Million dollars in 2011 and 47 million dollars in 2015. The report posits that by the years 2020, the industry will be worth an estimated 86million dollars and that digital platforms will account for about 90% of the recorded music sales in 2022. The intellectual property of our musician needs to be protected and copyright is one of the ways to do this. Even though these innovations are very important to a nation’s general development, we cannot ignore the fact that it has some negative impacts, particularly on the music industry. These negative impacts surface mostly in the area of law-making and enforcement. This is one of the focuses of this paper. While it is important for musicians to understand the rights they possess over their works, the public should also know that they can be held liable for any acts of infringement done on a copyright work. Knowing this would make room for growth in the music industry as it would encourage musician to be more creative. This paper is an attempt to review the New Media under the Copyright Act. The paper adopts the doctrinal method and ends with recommendations on how to further protect the copyright of our musicians, epically within the Nigerian Music industry.