PPL generated licence fee income of £176.9 million in 2013, a 4% increase (£6.1m) year-on-year.

The music licensing company will publish its annual results at its AGM in London today. Revenues from public performance licensing increased by 7% to £69.5m from £64.8m in 2012; while broadcast and online licence fee revenues grow by 5% to £73m.

A “rising appetite of businesses playing recorded music to their staff and customers,” and “increased awareness of the need for a music licence” together ...