PPL pays out £17.4 million of international revenue to more than 26,000 performers and recording rightsholders in its Q1 distribution.
In its Q1 distribution of international revenue, PPL will pay £17.4 million ($21.6 million) to more than 26,000 performers and recording rightsholders worldwide. The first of four payments PPL makes annually, the royalties paid out by PPL provide a vital revenue stream for well-known performers, session musicians, and independent and major music companies as part of their overall income.
The first quarter comprises revenue from 76 collective management organizations (CMOs), with significant payments from France, Germany, Italy, and the US. With more than 100 agreements in place across Africa, Asia, Australia, Europe, and North and South America, PPL is the global leader in international neighboring rights collections. It ensures its mandated members’ rights are represented in many of the world’s biggest music markets.
The company collects neighboring rights royalties anywhere recorded music is used. Rights exist for using recorded music via broadcast through radio and TV, cable retransmission, public performance, private copying, and dubbing.
“We are pleased to continue delivering world-leading returns to those who invest their time, energy, and talent in making the music we all love. Running an independent record company or being a musician can be a precarious business; our focus remains on being a constant and stable source of support for our members as the industry navigates change and various challenges,” says Laurence Oxenbury (pictured), PPL’s Director of International.
“This latest payment is a testament to our efforts and a positive reflection of the work we are driving forward with our members to improve the data quality underpinning the flow of royalties around the world.”
PPL’s innovative and collaborative approach with counterparts worldwide enables it to share accurate data, helping more parties collect increased neighboring rights royalties. With decades of experience in this field, PPL is a pioneering supporter of complete and precise recording metadata, continuing to invest heavily in best-in-class technology that further improves data accuracy and processing to help revenues reach performers and recording rightsholders more efficiently.
The international reach of PPL’s work brings significant potential for the music industry, with the global neighboring rights market growing to $2.5 billion in 2022, according to the IFPI Global Music Report. Revenues from performance rights grew by 8.6%, surpassing their pre-pandemic levels in 2022 and accounting for 9.4% of the global recorded music market.