No need to panic just yet folks! A statement on behalf on Pod concerts regarding their dispute with IMRO over licencing fees has been released:
The Electric Picnic 2008 is not in doubt or in jeopardy contrary to press and media reports over the last number of days.
POD Concerts is in dispute with IMRO over certain issues relating to the high fees charged by IMRO to it for ‘public performance’ of music which are in addition to the fees paid to the artists to perform. IMRO is seeking to charge POD Concerts for performances from non-music artists involved in the Electric Picnic.
POD Concerts have been in longstanding discussions with IMRO about the issues, however IMRO has recently chosen to issue proceedings rather than mediate the disagreement. IMRO had previously refused payment from POD Concerts of the amounts now in dispute.
IMRO has not sought an injunction against Electric Picnic 2008 or any other music events promoted by POD Concerts pending a decision in the case.
In addition, in the meantime, the High Court has agreed with POD Concerts’ offer to pay the disputed fees into a holding account, and POD Concerts has confirmed that it will pay IMRO’s fees for Electric Picnic 2008 and so will be fully entitled to stage the event.
Recognising POD Concerts’ request to discuss the issues with IMRO rather than litigate, the High Court has ordered IMRO to mediate the dispute before it will hear its case.
POD Concerts Limited
We’ll have to wait and see how this pans out. For more on the case, see this Sunday Business Post article.