PPL has revealed that it paid out £150.7 million in June – the largest ever distribution to performers and record companies.
The payment is up 12% on the previous record distribution of £135m last June.
The figure includes a substantial increase in international revenue, which reached £25.7m in June. PPL has been driving growth in international revenue with 90 collection agreements now in place.
The latest distribution included the first payout resulting from new agreements covering South Africa (SAMPRA) and Lithuania (AGATA).
CEO Peter Leathem said: “PPL’s latest distribution of £150.7 million sets a new high for the company. Over 86,280 performers and record companies received a payment – over 5,800 more than this time last year. With our investment in technology, continued focus on customer service, and our drive to keep improving the quality of our data, we continue to deliver positive results that benefit performers and record companies, both in the UK and around the world.
“Our specialist knowledge of the neighbouring rights market, combined with our relationships with UK licensees and global collective management organisations, help us to collect monies that enable music makers to continue making the recorded music that is used and enjoyed by businesses, on radio and on TV.”
PPL held its AGM in London last month.