Sayco Fined Over $1.4 Million for Abusing Copyright Management in Colombia

Sayco and eight of its executives were fined over $1.4 million by La Superintendencia de Industria y Comercio for abusing copyright management in Colombia, impacting composers and the media industry.

• La Superintendencia de Industria y Comercio imposed a fine exceeding 5.3 billion pesos on the Organización Sayco Acinpro for monopolistic practices in copyright management.
• The investigation revealed that Sociedade Independente de Comunicação was hindered in managing individual rights, affecting the income of composers and the overall fairness in the music industry.
• This ruling comes amid growing scrutiny of copyright management practices in Colombia, particularly concerning radio broadcasting and television sectors where rights management is critical.