UK collective management organisation PPL has made its largest ever distribution to performers and record companies with a record £150.7 million paid out in June.
The payment is for the use of recorded music when broadcast and played in public, and is up 12% on the previous record payment of £135m exactly a year ago in June 2017.
Last month, over 86,280 performers and record companies received a payment — an increase of 7% (5,800) year-on-year.
Alongside an increase in membership, the rise in revenue is down to more money earned from international territories, which reached a record value of £25.7m in June – up 39% (£7.2m) on the previous largest amount of £18.5m in September 2017.
With this latest payment, significant collections have been distributed for performers and record companies from Germany (GVL), France (ADAMI), Netherlands (SENA & NORMA), Belgium (Simim) and the USA (SoundExchange).
Additionally, the first payment of monies from PPL’s recently signed agreements with Lithuania (via an agreement with AGATA) and South Africa (SAMPRA) were also distributed.
PPL now has 90 collection agreements in place around the world and it receives over a third of all performer neighbouring rights payments moving between CMOs globally.
“With our investment in technology, continued focus on customer service, and our drive to keep improving the quality of our data, we continue to deliver positive results that benefit performers and record companies, both in the UK and around the world.”
peter leathem, ppl
Peter Leathem, Chief Executive Officer at PPL said: “With our investment in technology, continued focus on customer service, and our drive to keep improving the quality of our data, we continue to deliver positive results that benefit performers and record companies, both in the UK and around the world.
“Our specialist knowledge of the neighbouring rights market, combined with our relationships with UK licensees and global collective management organisations, help us to collect monies that enable music makers to continue making the recorded music that is used and enjoyed by businesses, on radio and on TV.”
Music Business Worldwide