Photo Credit: TraceyAPhotos
In its Q3 distribution, UK’s leading Collective Management Organization PPL paid out £12.7 million ($15.43 million) to over 25,500 performers and recording rights holders.
PPL’s Director of International Laurence Oxenbury commented on the Q3 distribution, highlighting how cross-border collaboration continues to be a priority for the CMO ‘as we continue to work on maximizing the reward for those who create the music which keeps our world turning.’
Oxenbury communicated his delight at seeing the third multi-million-pound payment of 2023 going out to members, adding, “For many of the performers and independent labels included in this international distribution, this payment represents a consistent source of income when the challenges of earning from music are well-documented.”
The quarter’s payment includes international revenue from 69 CMOs from organizations in Belgium, Denmark, France, Spain, and the US.
The £12.7 million payout also includes £1.9 million ($2.31 million) from Video Performance Limited (VPL) for the use of music videos played across MTV channels in Europe, Africa, and the Middle East.
PPL is the UK music industry’s premier CMO for performers and recording rights holders. It ensures members across genres and territories are paid when their music is played in the UK and overseas territories. PPL also specializes in metadata management, which allows the industry to better understand and analyze ownership and performance rights of a specific recording.
PPL has secured 109 agreements with overseas organizations across Africa, Australia, Europe, and North and South American territories. The CMO covers 98% of the global neighboring rights value and ensures its members are represented in the world’s leading music markets.
In 2022, PPL announced it had recorded the highest level of revenue in the company’s 89-year history. The CMO had collected £272.6 million ($331.3 million) across all revenue streams, and distributed royalties to over 165,000 performers and recording rights holders.