PPL pays record-breaking number of performers and recording rightsholders
Thursday, December 17, 2020
Its fourth quarter brings PPL's total 2020 distribution to over £260 million
In its fourth quarter distribution, made today, PPL will pay £42.8 million to more than 112,000 performers and recording rightsholders.
This is the first time PPL has paid over 100,000 performers and rightsholders in a single distribution, and brings the organisation's total 2020 distribution to over £260 million.
The money was collected by PPL for the use of recorded music in the UK and internationally.
Peter Leathem, PPL chief executive officer said: 'We are pleased to end 2020 by paying over 100,000 performers and recording rightsholders, the first time we have done so in a quarterly distribution. It has been a tough year for many but, thanks to our neighbouring rights expertise, leading technology infrastructure, and the hard work of PPL employees, our quarterly distributions have been able to provide a stable and much-needed revenue stream. This distribution also brings our total 2020 payments to over £260 million, reflecting the strength of our UK and worldwide royalty collections, adding value to the performers and recording rightsholders we represent.'