Lagos A member of the musical duo, Ruff, Rugged and Raw, David Ayos, on Tuesday urged artistes in the entertainment industry to explore other viable means of generating more income.
He said in Lagos that since piracy had eroded the distribution system in the country, only marginal income could be grossed from the sale of CDs.
"We all know that piracy exists in every nation, but due to lack of adequate laws and enforcement of intellectual property infringement, piracy has developed a strong presence in Nigeria. This is why it is difficult for investors, even local ones, to invest huge amount of money in the entertainment industry,” he said.
Ayos said that the level of glamour associated with the music industry gave artistes a different level of opportunity to earn more income.
"Musicians are used for endorsement of products, to speak for brands and they can also make money from YouTube,” he said.
Ayos added that artistes could also make money from airplay around the world, if they were under Chief Marketing Organisations like PRS in UK and COSON in Nigeria.
"We have not started making money in the music industry yet. People are making money, but I’m saying in terms of the money the Americans are making, we are not there yet, but it’s growing gradually,” he said.
The musician said a recent report said that 1.42 per cent of the nation’s GDP was from the creative industry and about 30 per cent of that was from the music industry.
"If the industry, at this level, can contribute to the national GDP, then if more attention is given to the industry, it will in turn improve the GDP,” he said.
Ayos urged relevant authorities to put efforts in place toward protecting and making other sources of income available and difficult to infringe upon.
"If this is not done and done in good time, it will mean the end of creativity as a whole, which will have adverse effect on the nation.Many youths in the country depend on their creativity as a source of livelihood, if they can’t make money from it due to infringement, they might turn to crime,” he said.
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