PPL announces new international agreement with Serbian collective management organisation
Music licensing company PPL has today (10 December 2013) announced an international contract with PI, an organisation responsible for the collective administration of performers’ rights in Serbia.
PI will work with PPL to ensure that the performers represented by each organisation receive royalties for any recorded music broadcast or publicly performed in Serbia and the UK.
PPL’s international service is dedicated to the active collection of money via agreements with other collective management organisations (CMOs) globally. The company now has 68 reciprocal agreements in place with music licensing organisations in 33 countries, ensuring that members receive monies when their repertoire is used in those territories.
Laurence Oxenbury, Director of International, PPL said: “We are delighted to be working with PI. Serbia has a long and rich cultural heritage and it is now home to numerous festivals such as EXIT, which annually attract a host of world-leading artists, placing the country at the heart of the European music festival scene. We are confident that together we can build a positive relationship that can help to drive revenues for performers.
“We are dedicated to developing strong partnerships with our overseas counterparts, something that is now more important than ever as performance rights continue to grow and be recognised as vital revenue streams for performers and record companies. Over the past ten years we have collected over £160million in international royalties and work continuously to increase that figure year-on-year, through a first class, industry leading service.”
Aleksandar Cvetkovic, Director, PI added: “PPL holds the rights to a major catalogue of UK music, so it makes sense for us to be working together, given also that the UK is a major global exporter of music. We look forward to working together and building positively on this relationship.”
Currently, the international agreements that PPL has in place represent over 90% of the total global value of performance rights for performers and record companies.