VCPMC has signed bilateral cooperation contracts with 76 collective rights management organizations in the world with a scope of regulation in 164 ries and territories.
CMOs stands for Collective Management Organization which means Collective Rights Management Organization. In the world, CMOs have a long history of development and play a very important role in bringing the provisions of the copyright law to life.
CISAC, as a bridge, has been and continues to create a worldwide network of Collective Management Organizations through bilateral representation contracts between member institutions. Through these bilateral contracts, CISAC member organizations form a global international network, enabling these organizations to manage international collections of works in their own ries, and at the same time awarding exchange information, and ensure that royalties for all types of musical uses reach the creators. From there, the rights of authors and creators can be comprehensively guaranteed not only within that one ry, but on a worldwide scale.
Up to this point, VCPMC has signed bilateral contracts with 76 collective rights management organizations around the world with a scope of regulation in 164 ries and territories. Royalties international organizations still increase steadily every year, the amount of royalties international organizations in 2018 is over 2 billion VND. VCPMC is still making diplomatic efforts to expand bilateral contracts to ensure that VCPMCs member authors receive adequate and well-deserved remuneration when their music is exploited on the Internet. Around the world.
