PPL Reports Largest-Ever Distribution Amid Continued International Metadata Improvements

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London, where the PPL, which has reported its first distribution of over £100 million, is based. Photo Credit: Krisztina Anna Berecz

The U.K.’s Phonographic Performance Limited (PPL) has officially achieved its first royalty distribution in excess of £100 million.

PPL just recently shed light on the milestone with a brief release, after pointing to record 2023 revenue and distributions closer to this year’s beginning. Running with the specifics of the June of 2024 distribution – encompassing recording royalties attributable to domestic usages as well as international licensing – PPL said its members had received $131.22 million (£103.7 million) in total.

That sum represents an approximately six percent year-over-year boost, which the CMO chalked up in part to “improvements in the exchange of recording metadata around the world.” Building on the idea, PPL drew attention to a 13 percent YoY boost in international royalty distributions, with “strong payments” from the Netherlands, Brazil, the U.S., and more.

Notably, one-third “of international money being paid out to members today is money from years prior to 2022,” emphasized PPL, which now has 110 global agreements in place.

Lastly, in terms of contributors to the June distribution, the entity acknowledged the positive impact of a “Specially Featured Entertainment (SFE)” public performance tariff that initiated a phased rollout in January of 2023.

“The SFE tariff, which licenses the use of recorded music in DJ sets and discos in pubs, bars, nightclubs, hotels, restaurants, and cafes,” PPL communicated, “has driven a positive impact for performers and recording rightsholders with a year-on-year increase of 20% in monies distributed from the SFE tariff.”

Additionally, the aforementioned music videos made a relatively modest contribution via PPL’s VPL sister company, which paid $1.77 million (nearly £1.4 million) “to almost 300 recording rightsholders” in June, per the announcement.

Addressing the results in a statement, CFO Chris Barton touted the milestone and reiterated PPL’s continued efficiency ambitions.

“It is encouraging to reach this milestone and deliver over £100 million to our members in this June distribution,” relayed the longtime PPL exec, whose employer had its 2024 annual general meeting towards June’s end. “As we celebrate our 90th year, our commitment to our members and our strategic focus on innovation and collaboration has not waned.

“We continue to invest in data, technology and partnerships that derive value for our members and partners globally, helping ensure performers and recording rights holders are compensated when their music is broadcast or used in public places,” concluded the former Condé Nast senior management accountant.

Last month, PRS for Music, which has had a JV deal in place with PPL for the better part of a decade, welcomed new members to its Council and was named in a lawsuit centering on live performance terms.