PPL UK, has announced a record Quarter 1 (Q1) distribution of international revenue. It has distributed an amount of £16.1 million collected from more than 50 collective management organisations (CMO’s) worldwide.
PPL’s international collections service collects revenues on behalf of their performers and recording rights holders from overseas CMO’s. The revenue collected is in lieu for playing in public and broadcast of its members’ recorded music on TV and radio. Also included are some online streaming services, as well as for private copying. These international collections are an increasingly important revenue stream for performers and recording rights holders.
The amount has been distributed to 40,000 performers and recording rights holders. These international collections are an increasingly important revenue stream for performers and recording rights holders.
“We are very proud to be paying over 40,000 performers and recording rights holders in our first distribution of 2019. These achievements are made possible by the expertise and hard work of the staff throughout the company. We will be working hard throughout 2019 to maximise revenue for those are entitled to receive payments from PPL.”
said Peter Leathem, PPL Chief Executive Officer.
PPL UK backs up on its January announcement
PPL’s record Q1 distribution comes off the back of their announcement in January that their international collections grew by 40 per cent in 2018 to £70.9 million.
Of the payments received from CMO’s which were distributed this quarter, ten were more than half a million pounds each. The Q1 distribution also included the first ever payment from Albania following the completion of a bilateral agreement between PPL and Albania’s performer society, AKDIE, just last year.
Laurence Oxenbury, PPL Director of International said:
“This record Q1 distribution is reflective of PPL’s position and specialist knowledge in the global music industry. Our agreements with other CMOs mean we cover 93 per cent of total global performance royalty value.”
“We continue to invest, along with our fellow CMOs, in raising the quality of data. This means we can be faster and more accurate in our identification of music use on a global scale. Therefore we will distribute more royalties to PPL performers and recording rights holders.”
PPL is the UK’s music licensing company for over 100,000 performers and recording rights holders. It has been licensing the use of recorded music in the UK since 1934. PPL UK works closely with key organisations within the music industry in the UK and around the world. It has 92 international collection agreements in place across Africa, Asia, Australia, Europe, and North and South America. PPL receives over a third of all performer neighbouring rights payments moving between CMOs globally.
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