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Business News Labels & Publishers
PPL announces increase in international income
By Andy Malt | Published on Thursday 10 April 2014
PPL has announced that it has just made its highest ever international quarterly royalties payment to its members.
International monies paid out by the UK record industry’s collecting society for the first three months to those labels who use the organisation’s services on a worldwide basis totalled £13 million, which is £3 million more than the previous record for global royalties.
Announcing the news, PPL’s Director Of International Laurence Oxenbury 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”.
Earlier this week, the music publishing sector’s collecting society PRS For Music also announced an increase in international royalties, 11.7% year-on-year in 2013.