£14.1 million international revenue boost for PPL members
More money paid out to members than ever before in PPL’s Quarter One distribution
PPL has made its largest ever distribution of international revenue to members this quarter (January – March 2015); the payment of over £14.1 million exceeds last year’s equivalent by 8% (£1 million). The number of PPL’s performer and record company members receiving international revenues in Quarter One is also up by 8% to over 17,000, in comparison to Quarter One in 2014.
PPL distributes the international revenue it collects on a quarterly basis. This quarter’s distribution includes international monies collected within the same month of payment, March 2015.
Thanks to its unrivalled expertise in navigating the global neighbouring rights market, PPL has maximised international revenue for its members. With 75 agreements now in place, PPL actively increased the number of Collective Management Organisations (CMOs) from which it collects. Leading the market, PPL now collects more than 50% of all performer neighbouring rights payments moving between CMOs throughout the world. Additionally, with its leadership in data analysis and systems, the company tracks repertoire with supreme accuracy, thus optimising payments for its members.
Laurence Oxenbury, Director of International, PPL said: “Our concentration on improving global licensing and distribution processes and the delivery of revenue means that our members can focus on creating music. As well as investing in our systems and global airplay services such as BMAT, Radio Monitor and Soundmouse, we are also driving initiatives with a host of CMOs in other countries to help streamline data exchanges to maximise revenues for members.”
Last month PPL announced that it had increased its international collections by 6% in 2014, which was 12% growth on a currency neutral basis.