Regulation of Song or Music Copyrights as Fiduciary Guarantee Objects in Indonesia

Abstract

Fiduciary guarantees for songs or music have been well-received in Indonesia, as stated in Article 16 Paragraph (3) of Law Number 28 the Year 2014 concerning copyrights "copyrights can be used as fiduciary guarantees." Related to this, the song or music creator gets a fresh breeze that the creation of the song or music can be guaranteed fiduciary guarantees in banking or financing. Still, the song or music creator until now has not been able to utilize the results of his creation because no further provisions are governing the application or additional arrangements for the production of songs or music can be guaranteed fiduciary (there is a vacuum in the legislation). In this regard, the formulation of the Laws and Regulations as a follow-up to the copyright of songs or music becomes a fiduciary guarantee in Indonesia that creation truly brings economic benefits to the creator.