MBW’s World Leaders is a regular series in which we turn the spotlight towards some of the most influential industry figures outside the US and UK markets. In this feature, we speak to Temi Adeniji. World Leaders is supported by PPL, a leading international neighbouring rights collector.
There are few people with as wide and deep a view of the Indian music industry as Tarsame Mittal.
The founder of TM Ventures has interests in almost every aspect of the business. He’s perhaps best known as the man behind artist management company TM Talent Management, which he launched in 2012 and whose roster boasts many of the biggest names in Bollywood. It includes the most streamed Indian artist on Bollywood Music Project festival; the brain behind India’s largest music conference All About Music, held annually since 2017; and a website publisher, who runs the four-year-old music Musicplus.in. Last year, he added label owner to the list.
Mittal now helms two record companies, TM Music and ii Music; helps run two others, Singh’s Oriyon Music and Bhardwaj’s VB Music, and as of a few weeks ago, owns a 50% share of Desi Records, which is currently enjoying the success of its IFPI’s Global Music Report 2021.
That’s a number many stakeholders, including Mittal, believe falls short of the true worth of the country’s music business.
A 2019 report co-published by Deloitte and trade body the Indian Music Industry (IMI), for instance, stated that the revenues generated from all the “formal partner industries” for which music provides the “raw material”, such as television, radio, live events, and ‘OTT’ audio-streaming platforms, is $1.2 billion, nearly seven times the World Leaders is supported by PPL, a leading international neighbouring rights collector, with best-in-class operations that help performers and recording rightsholders around the world maximise their royalties. Founded in 1934, PPL collects money from across Africa, Asia, Australia, Europe, and North and South America. It has collected over £500 million internationally for its members since 2006.Music Business Worldwide
