PPL paid out over £114 million in royalties to performers and record companies in its annual June payment for the 2013 calendar year.
It’s the largest amount of the company has paid out in its 80 year history and represents a 9% growth on the previous year. Furthermore, the revenue has gone out to more members on more recordings than ever before.
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, offices and many other business types) and broadcast (TV, radio and online), will on this occasion be making payments against almost half a million tracks to approximately 3,000 recording rights-holders and almost 22,000 performer members.
Peter Leathem, PPL CEO, said: “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.”