Music licensing body PPL paid £114m in royalties to performers and record companies during 2013, new figures show.
According to the organisation, the figure is nine percent higher than the amount it distributed last year and the highest in its 80 year history.
Further figures show that PPL will be making payments against almost half a million tracks. An estimated 3,000 recording rightsholders and almost 22,000 performer members will receive payment from the body.
Peter Leathem, PPL chief executive officer, 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.’
The company works with 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).
According to the organisation, the figure is nine percent higher than the amount it distributed last year and the highest in its 80 year history.
Further figures show that PPL will be making payments against almost half a million tracks. An estimated 3,000 recording rightsholders and almost 22,000 performer members will receive payment from the body.
Peter Leathem, PPL chief executive officer, 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.’
The company works with 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).
