December 2024 Distribution Update

£265m in royalties is being paid out this month

That’s over £40m and 18% more royalties than this time last year – the most we’ve ever paid out.

In the first royalty payment this month (13 December), we’re paying out close to £235m, 25% more than this time last year.

Royalties from broadcast, including TV and radio, are up by 24%, and royalties from on-demand video services (GEOL), including Netflix, Amazon Prime and Disney+, are up 16%.

Stadium tours have helped see a 18% year-on-year increase in public performance royalties.

International royalties are up 20%, this has been boosted by the inclusion of four quarters of international royalties from French society SACEM and a streamlined process for members to submit their tax residency certificates to reclaim withholding taxes.

On 20 December, we’re paying out over £30m in royalties from online streaming services (MTOL), including Spotify and Apple Music. This includes an extra £1.1m made possible due to the 20% reduction in the MTOL admin rate announced earlier this year.

Across both payments, December 2024 sees us paying more royalties than ever before in a major distribution.

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