Lee Jae, Composer of 'Golden' from 'K-Pop Demon Hunters,' Addresses Copyright Royalty Rumors
Lee Jae, the composer and singer of 'Golden,' the hit song from the Netflix animated film 'K-Pop Demon Hunters' (hereafter 'K-Pop DH'), has spoken out about the rumored copyright royalties. Lee Jae gave an honest reaction to speculation that he is receiving a sum comparable to the prize money from 'Squid Game'.
Appearance on 'You Quiz on the Block' Reveals Recent Activities
Lee Jae, the composer and singer of 'Golden,' the OST for the Netflix animated film 'K-Pop Demon Hunters,' appeared as a guest on the 315th episode of the tvN entertainment show 'You Quiz on the Block' (hereafter 'You Quiz'), which aired on October 22nd.
'Golden' is a song that has gained immense popularity worldwide, topping various music charts. With its addictive melody and intense sound, it has contributed to promoting the appeal of K-pop to the world.
Jo Se-ho's Direct Question: "As Much as the 'Squid Game' Prize Money?"
On this day's broadcast, Jo Se-ho asked Lee Jae a question on behalf of the viewers:
"Many people are speculating that the accumulated copyright royalties are as much as the 'Squid Game' prize money (45.6 billion won)."
This was a direct question about the rumor that he is receiving copyright royalties comparable to the 45.6 billion won winning prize of 'Squid Game.' It was a question that reflected the public's high interest in how much copyright royalties a global hit song generates.
"I Didn't Know": A Surprised Reaction
Lee Jae reacted with surprise to Jo Se-ho's question.
"I didn't know."
This means that he was unaware of the speculation that his copyright royalties amounted to 45.6 billion won. This honest reaction shows that Lee Jae is focusing on the music work itself rather than the financial aspect.
Yoo Jae-suk's Suggestion: "Check Your Bank Account"
Yoo Jae-suk made a witty suggestion.
"Check your bank account."
This was a joking suggestion to check the bank account to see how much copyright royalties have actually been received. This also contained the intention to satisfy the curiosity of viewers watching the show.
Differences in Copyright Royalty Payment Timing Between Korea and the United States
Understanding Yoo Jae-suk's words, Lee Jae explained the copyright royalty payment system.
"But royalties come in faster in Korea and later in the United States. It takes about a year."
He revealed that copyright royalties are paid relatively quickly in Korea, but it takes about a year in the United States. This seems to be due to differences in the copyright management system and settlement method of each country.
Since 'Golden' has been a global hit, it is expected that the total amount of copyright royalties coming in from all over the world will be considerable. In particular, the revenue from the US market is likely still being settled, so an even larger amount may come in the future.
Participated in Numerous 'K-Pop DH' OST Works
Lee Jae was centrally involved in the 'K-Pop DH' OST work, including writing and composing 'Golden.' The songs he worked on are as follows:
'Golden': Lyrics, Composition, Singing
'How It's Done': Lyrics, Composition
'Takedown': Arrangement
'Your Idol': Lyrics
The fact that he participated in various OSTs in one work in various ways means that Lee Jae played a pivotal role in creating the musical identity of 'K-Pop DH.' It can be seen that he played a role closer to the music director of the entire work, rather than simply being the composer of one song.
Submitted to the Grammy Awards, Global Recognition
'Golden' had the honor of being submitted to the prestigious American popular music awards, the 'Grammy Awards.' In particular, it was submitted to major categories such as 'Record of the Year' and 'Song of the Year.'
Record of the Year is one of the most prestigious awards at the Grammys, selecting the best recording of the year. It evaluates the overall completeness and production of the music.
Song of the Year is an award that recognizes excellence in songwriting and lyrics, and evaluates the quality of the song itself.
The fact that it was submitted to both of these categories means that 'Golden' has been recognized for its world-class perfection in all aspects of composition, lyrics, and production.
'Golden' Led the Globalization of K-pop
'Golden' has become a symbolic song that shows the position of K-pop in the global popular music market, beyond just one hit song.
'K-Pop DH,' which was released simultaneously worldwide through the global platform Netflix, was an innovative content that combined animation and music. In particular, since it was a work based on K-pop, the OST also had to capture the essence of K-pop, and Lee Jae perfectly met those expectations.
Success as a Composer
Lee Jae's success shows that the status of composers and producers is increasing in the K-pop industry. In the past, the spotlight was focused only on singers, but recently, the role of composers and producers who create good songs is being re-evaluated.
Through 'Golden,' Lee Jae was recognized not only for his ability as a composer but also for his skills as a singer. He improved the completeness of the song by singing it himself.
Expectations for Future Activities
With the success of 'Golden,' Lee Jae has established himself as a composer and artist who is attracting attention in the global music market. As he has achieved the feat of being nominated for a Grammy, it is expected that more opportunities and offers will come in the future.
Many people are paying attention to what kind of musical steps Lee Jae will take in the future, and whether he will be able to create another global hit song following 'Golden'.
Source :https://blog.naver.com/roadtowrestling
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