MI2N
Music Industry News Network
THURSDAY, MAY 26TH
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Business News (more headlines) 03-03-2013

Record International Revenues In 2012 For UK Music Licensing Company PPL

Bookmark and Share
Music licensing company PPL has today announced that its international revenues in 2012 grew by 13% from £32.4m in 2011 to £36.6m.

The recent global success of UK music, including performers such as Adele and One Direction amongst many, has been a critical factor but the continued increase in the number of deals now means that PPL is collecting in more countries for more performers and record companies than ever before. In addition PPL's ongoing investment in IT development has enabled greater efficiencies leading to the identification and management of more repertoire and simplifying the entire collections and registration process.

In 2012 PPL concluded seven new deals in European countries - Croatia, Estonia, Greece, Hungary Latvia, Lithuania and Portugal. These new deals now mean that the company has 62 bilateral agreements in 34 different countries. In addition, following deals concluded in 2011 and 2012, PPL received payments for the first time from Croatia (HUZIP), Czech Republic (INTERGRAM), Estonia (EEL), Hungary (EJI), Iceland (SFH), New Zealand (PPNZ), Portugal (GDA and Audiogest), Russia (VOIS) and Ukraine (UMA). PPL was also able to increase the area of rights managed in Norway (to now include cable retransmission through an agreement with NORWACO) and, in the Netherlands, via an agreement with NORMA that now extends PPL rights to include revenue from the lending of CD's in public libraries.

PPL's international services are dedicated to the active collection of international revenues via agreements with other music licensing companies around the world. This means that internationally mandated PPL members receive monies when their repertoire is used in the countries with which PPL has reciprocal agreements. These include the USA as well most European countries through to the Asian and South American continents with deals in Japan and Brazil – one of the fastest growing countries in regard to performance rights. PPL's international collection service costs between 2% to 10% as the actual costs of collection are charged and these vary from country to country. In total the deals that the company has in place represent over 90% of the total global value of performance rights.

"The level of PPL's growth in 2012 in the area of international collections has been very encouraging and shows our complete commitment to developing this part of our business on behalf of all our members," said Laurence Oxenbury, Director of International. "It is important that we maintain a very high level of service but that we also operate in a cost-effective manner."

PPL has just over 60,000 members with numbers growing at approximately 350 per month of which 90% now sign up to the company's international collection service in addition to mandating their rights to PPL in the UK. During 2012 nearly 22,000 members received an allocation of international revenues – an increase of 15% over the previous year. In addition, 1690 more members last year benefitted from PPL being granted 'Qualified Intermediary' (QI) status* by the IRS (Internal Revenue Service) in the US.

"I am pleased with the growth we have shown in this area of business and it is a credit to our International team," said Peter Leathem, CEO, PPL. "This is a key revenue stream for the company and I am delighted that an enormous portion of our membership sign up for the service that we offer. Having made the decision to invest in both people and systems in order to provide a first class service to performers and record companies, these results, and we still have a way to go, are proof that we have already achieved much. Finally, I would like to thank our colleagues and counterparts around the world for their hard work and co-operation because it is critical that we have open and robust relationships with other overseas music licensing companies at a time when performance rights are such an important revenue stream."


Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

Colectivo Bunka Worldwide Releases USB Vol. 6th Special Anniversary Edition

Registration Closing For 21st Annual USA Songwriting Competition

"Live & Die": Alessandro Bagagli Announces His New Album Out June 10, 2016

Jazz & Beyond Reinterpretation Of Pink Floyd's The Dark Side Of The Moon

Indie Folk Artist Releases Cancer Tribute

Corey Andrew Commands "Everybody Up!" With His First Solo Dance Single On Xcalibur Records

New Album "Believe In His Promises" The Mighty Men Of Faith



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» Universal Audio And Fender Musical Instruments Announce Development Partnership
» Emerald City Glistens Like A Gem With Beautiful New Studio By Carl Tatz Design
» Insomniac Launches New Underground Brand, Factory 93 With Debut Warehouse Show In Downtown Los Angeles
» Utor Goes Global With Snapchat
» FULLEE LOVE’S SINGLE "SURFBOARD CALI" CONTINUES ITS MOMENTUM WITH 105 RADIO ADDS, 58 IN ROTATION, WHILE CONTINUING ITS STEADY PACE
» Dominic Pandiscia Appointed CEO Of PledgeMusic As The Leading Artist-to-Fan Platform Embraces Growth And Expansion
» Bandzoogle Releases Powerful Theme Design Customization Tools
» TAMC - The Asia Music Conference
» Ep 'Undeniable' On Target For Hot Summer Drop
» Billy Ray Cyrus Joins List Of Artists Standing Up Against Anti-LGBT Bills


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» Brownswood Launches Second "Future Bubblers" Music Discovery Program
» MusicDish Yaogun Adds Chinese Rock On Colectivo Bunka USB Vol. 6th Asia Music Compilation
» Kobalt Offers Creators Real-Time Earnings & Data Reporting
» New Online Ticketing System In Hong Kong Offers Enhanced User Experience And Lower Promoter Fees
» Ryan West Video Shows How To Add 'Transformer Color' In A Mix
» Tou-JAM Presents Legendary DJ Scratchy
» AdShare Appoints June Zhan Head Of New Taiwan Office
» CMA Research Shows Country Music Consumers Spend More On Music
» Dippso.com Blurs The Line Between Search & Streaming
» Nominations Now Open For 2017 She Rocks Awards
» Planetrox China 2016 Semi-Final
» Winners Announced For The First Annual Live Music Industry Awards

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2015 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.