UK music licensing company PPL has revealed that it will pay out £14.7 million ($16.4m) to more than its 33,000 performers and recording rightsholder members in its Q3 distribution of international revenue.
PPL collects neighboring rights royalties overseas where recorded music is used and rights exist for radio or TV broadcasting, cable retransmission, public performance, private copying or dubbing.
PPL says that its Q3 payout total is made up of international revenues collected from 73 CMOs worldwide, with what it adds is, “significant” payments from CMOs in Belgium, Denmark, France, Germany, Italy, Netherlands, Spain and USA.
In addition to the international revenue, also included in this distribution payment is more than £1.9 million ($2.13m) from PPL’s sister company VPL, which licenses music videos when they are played in public or broadcast on TV.
The revenue being distributed to independent recording rightsholder members of VPL and other CMOs relates to the use of their music videos by MTV’s channels across Europe, the Middle East and Africa.
PPL collects neighboring rights royalty income for the likes of Anderson .Paak, ABBA’s Björn Ulvaeus, Rita Ora and Swedish House Mafia Steve Angello.
It has 105 agreements in place with CMOs across Africa, Asia, Australia, Europe, and North and South America.
In May, PPL reported revenues of £252.8 million ($347.7m) for 2021, up 12%, or £27.1 million ($37.27m) YoY.
The company’s 2021 results marked its second highest annual revenue total, after collecting £271.8 million in 2019.
“We are proud to be able to make another significant quarterly payment of international revenue to those performers and recording rightsholders that mandate us to represent their neighboring rights around the world.”
Peter Leathem, PPL
Peter Leathem, PPL Chief Executive Officer said: “We are proud to be able to make another significant quarterly payment of international revenue to those performers and recording rightsholders that mandate us to represent their neighboring rights around the world.
“PPL collects more international neighboring rights revenue than any other administrator or organisation, making us the leading company in the sector. We are the smart choice for those looking to maximise their international neighboring rights income.”Music Business Worldwide