PPL Announce Record Performance Rights Royalties Distributed to Members
Music licensing company PPL has distributed over £114 million in its annual June payment for the calendar year 2013.
This is the largest amount the company has paid out in its 80 year history – a 9% growth on the previous year’s June payment - and the revenue has gone out to more members on more recordings than ever before.
The company which works on behalf of over 90,000 record companies and performers to license recorded music played in public (at pubs, nightclubs, restaurants, shops, offices and many other business types) and broadcast (TV and radio), will on this occasion be making payments against almost half a million tracks to approximately 3,000 recording rightsholders and almost 22,000 performer members.
Over the years, PPL has continued to invest in new IT systems and technology to help make music licensing much more comprehensive and accurate, maximising royalty payments and increasing pay-through rates to members. The company’s advanced repertoire database and online portal myPPL provides members with the opportunity to have direct access to payment information and the repertoire database 24 hours a day, seven days a week, allowing for increased accuracy and enhanced payment potential.
Peter Leathem, PPL CEO, said: “Our aim is to do whatever we can to maximise the royalties that we are able to collect and distribute to our members. I am delighted that PPL is now paying more royalties, to more members on more recordings than ever before in PPL’s history as this is part of a strategic plan we developed several years ago. Also, this comes at a time when performance rights continue to become an increasingly significant revenue stream for our members and the recorded music industry in general.”