UK music licensing company PPL paid out over $300m to 165,000 performers and recording rightsholders in 2022

UK Music Licensing Company PPL reported that it paid £244.9 million (US$301.97 million) to 165,000 performers and recording rights holders by 2022.

These monies are collected by PPL for UK and international use of recorded music, and paid out through the company’s four quarterly distributions in 2022, in March, June, and September. and December.

That total payout number, of 244.9 million poundsmarks an increase of 7.1% YoY compared to 228.7 million pounds It’s a payment in 2021.

The 165,000 won performers and recording rights holders paid in 2022 marks a 12.2% increase year-on-year from 147,000 paid in 2021.

PPL says 2022 sees the highest number of performers and recording rights holders ever paid by PPL in a calendar year, and it also marks the second-highest total paid by PPL in a calendar year. .

the highest is £260.2 millionin 2020, the total achieved after collecting the record of 271.8 million pounds the previous year in 2019, due to the impact of the COVID pandemic.

PPL says that the record number of performers and recording rights holders paid last year “reflects both the significant technological and operational investments made by PPL and the neighboring rights industry over the past decade.” the past century, as well as the growing number of members of the PPL.”

The music licensing company claims to have “one of the most comprehensive repertoire databases of its kind in the world,” which it says holds “detailed” information about performers and owners. recording rights on more than 20 million sound recordings.

Over the past 3 years, according to PPL, an average of 45,000 new recordings have been received each week.

PPL also notes that it works “closely with partner organizations in the music industry to develop the technology and activities that underpin the neighborhood rights sector.”

This includes building and then operating IFPI and WIN’s RDx data exchange gateway (to aid in the dissemination of recording data from record companies to neighboring CMOs around the world) and is a key player in the Virtual Recording Database (VRDB) of SCAPR. The PPL says VRDB is improving the quality, usage and sharing of performer lists across recordings.

PPL’s ​​latest payment announcement comes a month after the company’s CEO Peter Leathem, a 20 year veteran organization’s, was granted an OBE in the UK for services to the music industry.

“Not only do we collect hundreds of millions of pounds from the UK and around the world, but every year we distribute this money to more performers and record rights holders than before.”

Peter Leatherem OBE, PPL

Peter Leathem OBE, CEO of PPL, said: “Over the past decade, PPL has become one of the most successful neighborhood rights companies in the world.

“Not only do we collect hundreds of millions of pounds from the UK and around the world, but each year we distribute this money to more performers and recording rights holders than before.

“This is testament not only to the team of experts we have at PPL but also to the efforts of the entire industry. Initiatives like SCAPR’s VRDB and IFPI and WIN’s RDx are advancing the technology and data that support the worldwide distribution of neighborhood rights, thus ensuring that the right people and organizations pay when their recording is played.

“Being able to pay more performers and recording rights holders than we did in 2021 is also a positive. Neighborhood rights are naturally affected by COVID-19 but the sector continues to recover well, with more growth expected in 2023.”Global Music Business