PPL has signed a new international agreement with the Collective Management Organisation (CMO) in Hungary, further extending the reach of its international neighbouring right collections.  Mahasz (the Hungarian Recording Industry Association) represents recording rightsholders in Hungary.

Mahasz is the CMO which collects neighbouring rights revenues in Hungary on behalf of recording rightsholders for the public performance, broadcast, private copying and cable retransmission of their repertoire.  PPL’s agreement with Mahasz is reciprocal, meaning that PPL’s recording rightsholder members who have an international mandate in place covering Hungary will receive remuneration when their recordings are used in Hungary, whilst members of Mahasz will be remunerated by PPL when their music is played in public and broadcast in the UK. PPL already has a bilateral agreement in place with Hungarian performer CMO EJI, so this agreement is another example of PPL extending the global reach of its collections on behalf of its members.

PPL is pleased to add to its ever-growing number of international relationships with this agreement and is a global leader in international collections. With 78 reciprocal agreements in place, covering over 90% of the world’s neighbouring rights in royalty value, PPL has extensive reach and scale in navigating the global neighbouring rights market.

Laurence Oxenbury, PPL’s Director of International, said: “We are focused on building and maintaining relationships with our international counterparts at a time when neighbouring rights represent an ever more important revenue stream to the industry. We are delighted to be working with Mahasz and are confident this partnership can reap positive rewards for our members.”