In the new issue of Music Week, PPL chief executive Peter Leathem reveals that he is confident of continued “global growth” in neighbouring rights revenue in the wake of a record quarterly international payment to members.
Global performance royalties paid out in September totalled £18.5 million, an increase of 3% on the previous largest quarterly payment of £17.9m in September 2016.
While currency fluctuations have been “very helpful”, Leathem said the record payout reflects the organisation’s continued success ...
Register for a Music Week trial to access this article.
Sign up for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.Start your free trial