PPL has announce it is paying £18.8 million to over 22,000 performers and recording rights holders in today’s Q1 distribution. The payment is up 7% on the Q1 payment made in March 2023.
The first of four payments made by PPL annually, the royalties paid out by PPL provide an important and consistent revenue stream for performers, as well as independent and major labels, as part of their overall portfolio of income.
The Q1 payment includes international monies collected from 53 CMOs (collective management organisations) at the end of 2023 and in early 2024. PPL’s members received significant payments from Australia, Austria, France, Germany, Ireland, Netherlands, Poland, Spain, Switzerland and the US.
PPL has over 110 international agreements in place, representing 95% of the value of the neighbouring rights market, making it a global leader in the collection of such royalties, and ensuring its mandated members’ rights are represented in many of the world’s biggest music markets.
PPL’s innovative and collaborative approach alongside CMOs and rights holders around the world has improved the flow of metadata through programmes including VRDB and Rdx and cross industry initiatives with DSPs such as DDEX. Continued investment and collaboration from PPL over the past year has led to more accurate metadata being shared between CMOs, leading to improved collections processes, and enabling more CMOs to pay out neighbouring rights royalties more quickly.
