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Tuesday, August 09, 2005

Financing Thiruvasagam Oratorio

Why Ilayiraja went on to get finances when he himself can afford 1 crore for a project that's so dear to him?

Ilaiyaraja confesses in one of his interviews, he approached some big wigs about financing the project "Thiruvasagam" and he didn't like the way they approached it.

Ilaiyaraja also explains, he wanted public participation towards the project. O.K.
That means he doesn't want to pay from his pocket or take from any individuals like a Producer or an Audio company.

An obvious thing to do is to register a trust with an objective of promoting Thiruvasagam. Invite donations towards the cause and go recording. If it was a trust, automatically all the auditing and tracking falls into place. If that was transparent no body will wonder what the money went for.

Instead he took the offer from Tamil maiyam partnership which went on to collect money in the form of loans. That means the loan has to be repaid. And the people who loaned were given a view that they will be repaid with interest(or in professional terms, get a share on the profits, this is what i understood from reading some of the threads posted here.)
Given the past, now Ilayaraja has proved his credibility. People will not doubt about his intention in forming a trust or worry that their money may be misused. You must have realised this album has created an interest for Tamil literature in some who originally funded this project as Ilaiyaraja fan.

Instead of waiting for sponsor, Ilaiyaraja should form a trust and all like minded people will join hands. Why don't that start an audio company and hold all the rights for this? With volunteers like everyone who does to protect its audio rights, appealing to own a copy will make that successful. May be there can be an agreement that Ilayaraja get royalty for the music he scores.
Also to caution, majority of these trusts were losing their "trust" after their founders lifetime. To avoid that, Ilayairaja can detach these things to Govt to promote Tamil literature after his period. If you worry about TN govt, take a help from our beloved president Kalam to nationalise these treasures.

Some are questioning about its leaning towards "religion". If you take Indian literature or music, 90% of them are written on Gods only. It doesn't matter whose god or which god. It's GOD and it was classified as literature and it has its own status. Period.

will share more thoughts on this project...

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