Remuneration

Spotify is to phase out its service in Uruguay after the passing of a new music copyright bill requiring “fair and equitable remuneration” for authors, composers, performers, directors and screenwriters.In October, the country’s parliament voted on a budget bill that included two new articles: per article 284, social networks and the internet are to be added “as formats for which, if a song is reproduced, the performer is entitled to financial remuneration” – namely if a link to a song is shared online.Article 285 will…

Bharti Airtel chairman Sunil Mittal's remuneration fell nearly five percent in the financial year 2021-22 to Rs. 15.39 crore on lower perquisite value, according to the telecom company's annual report.The gross remuneration of the telecom industry stalwart and Airtel's top honcho stood at Rs. 16.19 crore in the year 2020-21.While Mittal's salary and allowances, and performance-linked incentive in 2021-22 were similar to 2020-21, the fall in gross remuneration came largely on account of lower perquisites in the…