Wednesday, April 10, 2019

PPL reports largest ever Q1 international revenue distribution of £16.1m | Music Business Worldwide


Music licensing organization PPL has reported a record Q1 distribution of international revenue.

PPL distributed £16.1m, collected from more than 50 collective management organizations (CMOs) around the world. This has been distributed to 40,000 performers and recording rightsholders.

The previous largest Q1 distribution was in 2017, where £15.7m was allocated to 33,000 performers and recording rightsholders.

PPL’s international collections service collects monies from overseas CMOs for the playing in public and broadcast of its members’ recorded music on TV, radio, some online streaming services, as well as for private copying.

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.

PPL now 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.

“Today’s record Q1 distribution comes off the back of our announcement in January that our international collections grew by 40% in 2018 to £70.9m.

Peter Leathem, PPL

Peter Leathem (pictured), PPL Chief Executive Officer, said: “We are very proud to be paying over 40,000 performers and recording rightsholders in our first distribution of 2019.

“Today’s record Q1 distribution comes off the back of our announcement in January that our international collections grew by 40% in 2018 to £70.9m.

“These achievements are made possible by the expertise and hard work of the staff throughout the company and we will be working hard throughout 2019 to maximise revenue for those are entitled to receive payments from PPL.”

“This record Q1 distribution is reflective of PPL’s position and specialist knowledge in the global music industry.”

Laurence Oxenbury, PPL 

Laurence Oxenbury, PPL Director of International, added: “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% of total global performance royalty value. We continue to invest, along with our fellow CMOs, in raising the quality of data and the efficiency with which it is exchanged around the world.

“This means we can be faster and more accurate in our identification of music use on a global scale, and therefore distribute more royalties to PPL performers and recording rightsholders.”Music Business Worldwide

[from http://bit.ly/2kVf04A]

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