MI2N
Music Industry News Network
WEDNESDAY, SEPTEMBER 20TH
Advanced Search
MusicDish Advertising Network
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

Wreckshop Nation Releases Big Moe 4 Ever, A Tribute Documentary To A Legendary Southern Hip Hop Artist

Roger D'Arcy Releases New Album 'House Of Heads'

Hybrid Studios Announces Online Mastering Services

Music Entrepreneur Mia A. Irizarry Launches TrendCulprit's "Music As A Business Telesummit" Featuring Renowned Industry Specialists

Iggy Azalea, The Kills, TV On The Radio & The Legendary Wu Tang Clan Confirmed For 1St Off Weekend Festival

Strange Loops Releases Debut EP, New Era

Roger D'arcy Release 'Ordinary Man' As The First Track From His New Album The House Of Heads On August 24



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» GoDigital Media Group Completes 20mm Series B Funding For Cinq Music
» Roland Virtual Sonics & Sony Pictures Post Production Services Collaborate On Development Of RAINLINK™ Virtual Music Application
» Warner Music Group Acquires Selected Songkick Assets
» Reach Records Announces The Launch Of New Video Series The Vault
» Musicians Support CLASSICS Act
» Rani Hancock Named President Of Sire Records
» Viberate Will Enable Musicians To Charge For Their Performances In Cryptocurrencies
» Submissions Open For The Music Producers Guild Awards 2018
» Suburban Symphony Release Debut Single "Stepping Stones" On Hilltown Records
» Missing Link Music Signs Jazz Icon Najee


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

Articles
MUSICDISH E-JOURNAL
» Youbloom Announces 2017 LA Music Festival
» TrendCulprit's "Music As A Business" Telesummit
» Audiofile Engineering Under New Ownership
» Songwriters Join BMG's Tech Team To Create New Royalties App
» What's Next In Music? Focuses On China
» Because Acquires Majority Of Former London Records Catalogue
» BMG Expands In Canada To Build Its Records Business
» Live Nation Responds To Growing Demand For Electronic Music In Asia With New Business Unit
» Streaming Music Services Help UK Entertainment Double Its Growth Rate
» Paul Rosenberg Named CEO Of Def Jam Recordings
» PPL And PRS For Music Launch Music Recognition Technology Pilot
» Discogs Releases 2017 Mid-Year Marketplace Analysis Nielsen Vs. Discogs - Database Highlights

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 © 1997-2017 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.