'Blackpink's BTC promised to pay royalties before the show'

VCPMC said that IME Vietnam - the organizer of the Blackpink concert in Hanoi - promised to pay royalties before 12 noon on July 29.

A day earlier, information from VCPMC (Vietnam Center for Music Copyright Protection) suggested recall Blackpink concert license in Hanoi due to copyright infringement attracts attention.

At the meeting on July 26, VCPMC decided to calculate the copyright fee as: 5% of the total revenue of 20,000 tickets. The ticket price for a show in Vietnam ranges from 1.2 million to 9.8 million VND, if calculated at an average of 5.5 million VND, the amount IME must pay to VCMPC is estimated at about 11 billion VND. According to VCPMC, when IME representatives proposed support, they agreed to reduce the total amount by about 10-15%.

IME said it would report to the leaders of partner company YG Entertainment - the management unit of Blackpink group, because the songs in the show are all copyrighted by YG.

In other countries, IME said they pay royalties at a rate of about 1.5-3% x average ticket price x a portion of capacity (not exceeding 70%). According to Mr. Pham Dinh Tam, the initial royalties calculated by VCPMC are much higher than those of other countries in the region. In Thailand and Malaysia, royalties are about 200,000 - 250,000 USD (about 4.7 billion to more than 5.9 billion VND).

VCPMC claims IME royalties under the mandate of the Korea Music Copyright Association (KOMCA). Songs licensed for performance by the Hanoi Department of Culture and Sports are all copyrighted by KOMCA.

This unit sent a document on July 21, granting VCPMC the right to license the public performance rights for all musical works in the KOMCA repertoire performed on the territory of VCPMC, including but not limited to works composed by KOMCA member authors. VCPMC is the only party in Vietnam at this time to be granted the right.

KOMCA was founded in 1964 and is a non-profit organization that protects copyrights of musical works and manages broadcasting and performance rights for songs. KOMCA became a member of the World Intellectual Property Organization in 1979. According to the association's website, KOMCA's role is to manage copyrights of music products on behalf of more than 30,000 members of the association. Many famous singers are members of this association, such as Suga, RM, J-Hop (BTS), Woozi (SEVENTEEN), IU.

Hanoi is Blackpink's last stop in Asia as part of their global tour. Born Pink . The first night is expected to have 36,000 spectators, the second night has 31,000 people.

The tour, which kicked off late last year, has so far grossed about $163.8 million, with more than 900,000 tickets sold. On average, the band earns more than $4 million per show with about 22,600 spectators.

Previously, in the shows of the Born Pink tour in Seoul (Korea) and Tokyo (Japan), the group performed about 22 songs, including both group hits and solo performances, such as How You Like That, Pretty Savage, Whistle, Lovesick Girls.

Blackpink debuted in 2016, consisting of four members Jennie, Lisa, Jisoo, Rose. After seven years of operation, although only releasing two albums, the girl group stir music village with many hits like Ddu-Du Ddu-Du, Kill This Love , Pink Venom. They have the most viewed YouTube channel with 30 billion views. Besides music, the four girls of the group are also influencers in the fashion industry.

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