PPL is to pay a record £13m in international revenues in its quarter one distribution for 2014.
According to the music licensing company, this latest payment is more than the previous highest distribution figure by 20 percent (£3m). The monies will be distributed to its members registered to receive royalties when their recordings are played internationally.
PPL stated that the organisation is playing an important role in the UK's creative industries sector and helping the UK as one of only three net exporters of music in the world (alongside the US and Sweden).
Laurence Oxenbury, director of International at PPL, said: ‘We are proud to ensure our members continue to be deservedly paid for the use of their recordings around the world.
'Our concentration on improving global licensing and distribution processes and the delivery of revenue means that they can focus on creating music.’
The volume of PPL members receiving international revenues this quarter has also increased by 18 percent in comparison to 2013.
The company currently has 68 reciprocal agreements in place with Collective Managament Organisations s in 34 countries, representing over 90 percent of the total global value of the performance rights market
Meanwhile, recent figures published by the International Federation of the Phonographic Industry (IFPI) revealed that global performance rights income exceeded the US$1bn (£598m) threshold for the first time in 2013 to hit $1.1bn. The figure was an increase of 19 percent and more than double the growth rate in 2012.
According to the music licensing company, this latest payment is more than the previous highest distribution figure by 20 percent (£3m). The monies will be distributed to its members registered to receive royalties when their recordings are played internationally.
PPL stated that the organisation is playing an important role in the UK's creative industries sector and helping the UK as one of only three net exporters of music in the world (alongside the US and Sweden).
Laurence Oxenbury, director of International at PPL, said: ‘We are proud to ensure our members continue to be deservedly paid for the use of their recordings around the world.
'Our concentration on improving global licensing and distribution processes and the delivery of revenue means that they can focus on creating music.’
The volume of PPL members receiving international revenues this quarter has also increased by 18 percent in comparison to 2013.
The company currently has 68 reciprocal agreements in place with Collective Managament Organisations s in 34 countries, representing over 90 percent of the total global value of the performance rights market
Meanwhile, recent figures published by the International Federation of the Phonographic Industry (IFPI) revealed that global performance rights income exceeded the US$1bn (£598m) threshold for the first time in 2013 to hit $1.1bn. The figure was an increase of 19 percent and more than double the growth rate in 2012.
