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Headline : UK music licensing company PPL distributed $24m to performers and rightsholders in Q1

Read more from the original article on here at www.musicbusinessworldwide.com.




Tags : #uk #music #licensing #company #ppl #distributed #24m #performers #rightsholders #q1


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UK-based music licensing body PPL announced a strong start to 2024 with a 7% year-over-year increase in payouts to performers and recording rightsholders in the first quarter to GBP £18.8 million (approx. $23.7 million at current exchange rates).

Over 22,000 artists and recording rightsholders benefited from the distribution, the 90-year-old organization said Tuesday (March 27).

This distribution is the first of four annual payments made by PPL and serves as a vital source of income for performers, and labels (both independent and major), and contributes to their overall financial portfolio.

The Q1 payment originates from monies collected by 53 collective management organizations (CMOs) around the world at the end of 2023 and early 2024. Notably, PPL members received significant contributions from key music markets like Australia, Austria, France, Germany, Ireland, Netherlands, Poland, Spain, Switzerland and the US.

Read more from the original article on here at www.musicbusinessworldwide.com.


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