PPL sign its 83rd international agreement with Romanian CMO
PPL has announced that it has signed a new reciprocal international agreement with Romanian collective management organisation (CMO) CREDIDAM. This further extends the reach of its neighbouring rights collections and means that there are now 83 agreements in place with international CMOs globally.
Bucharest-based CREDIDAM collects revenue on behalf of performers for the broadcast, public performance, cable retransmission, internet transmission and private copying of recordings of their performances in Romania. The new agreement will ensure that PPL’s performer members who have an international collection agreement in place covering Romania will receive royalties when recordings of their performances are used in these ways in that country. CREDIDAM collected just over €9million in 2015.
In turn, members of CREDIDAM will receive payment from PPL when their music is broadcast and played in public in the UK. Recording data has already been exchanged between the UK and Romanian CMO. PPL are in the process of analysing the sound recordings used in Romania and the first payment will be made in 2017.
PPL's international collections for performers represent around 25 per cent of the total international neighbouring rights collections market for performers, firmly establishing the organisation as the market leader.
Peter Leathem, Chief Executive said: “We are delighted to be able to confirm this new international agreement with CREDIDAM. We look forward to working with them closely as a result of this mutually beneficial agreement. This signing becomes our 83rd international agreement and illustrates the fact that PPL really is now unrivalled in the UK when it comes to being able to maximise collections for our members on a global scale.”
Laurence Oxenbury, Director of International, PPL said: “At PPL, we always focus on ensuring that our members are paid for all applicable rights in any given territory, within any open distribution period. There was initially some ambiguity over the application of certain rights in Romania, but this has been resolved and we are pleased to be able to move forward in a market that has, in recent times, been cultivating an export market whilst at the same time remaining a prodigious consumer of PPL members’ repertoire.”