PPL distributes record performance rights royalties

Over £114 million in royalties was distributed to performers and record companies in the annual June payment.
Author:
Publish date:
Social count:
0
857581_82110176

PPL, the UK-based music licensing company, has distributed £114 million (€144m) in its annual June payment for the calendar year 2013 – a nine per cent increase on last year and the largest amount the largest amount the company has paid out in its 80-year history.

Peter Leathem, PPL's CEO, comments: “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.”

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 and offices) and broadcast (TV, radio and online), will be making payments against almost half a million tracks to approximately 3,000 recording rightsholders and 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," says a statement from the company, "maximising royalty payments and increasing pay-through rates to members."

PSNEuropereported on PPL members' record international revenues in Q1 in April.

www.ppluk.com

Related

US performance rights move cheers MPG

US/UK: The MPG has welcomed a new legislative development in the US, writes David Davies. The US House Subcommittee on Courts, the Internet and Intellectual Property has passed H.R. 4789, The Performance Rights Act, which aims to create fair performance rights on US terrestrial radio for all music creators. According to Music Producers Guild board member Mick Glossop (pictured), the move could ultimately herald considerable benefits for UK performers and producers.

31358.jpg

DK performs for PERFORM

Sports broadcasting and digital media agency PERFORM has installed DK Technologies PT0710M audio and video waveform monitors in the two new editing suites at its UK facilities, writes Kevin Hilton.

Source caps successful year with UK distribution rights for Genelec monitors

UK: HHB Communications specialist division Source has been appointed as the exclusive UK distributor for Genelec's professional monitor systems under a deal due to take effect on January 1st 2008. The announcement follows a highly successful year that has seen Source register overall sales growth of almost 30% compared to the previous 12-month period under HHB's former distribution arrangements, writes David Davies.