UK-based music licensing agency PPL paid out £45.3 million (approximately $57 million at current exchange rates) to more than 137,000 performers and recording rights holders in the fourth quarter of 2024.
The latest figures mark 7%or £3.4 milliona decrease from the £48.7 million paid in the fourth quarter of 2023, the highest fourth quarter payment in the organization’s history. The payment comes as the company celebrates its 90th anniversary. 9,400 Members receive their first PPL payment.
The most recent quarter saw the largest ever Annual Supplemental Compensation Fund Payment £2.3 millionbenefit from 15,000 Non-featured performers. The fund is now 10 years old and has allocated £15.5 million Finish 15,000 Musicians from the UK and around the world who contributed to records released between 1963 and 1972.
PPL indicates that it has 69 The number of collecting management organizations (CMOs) allocated during the quarter was the highest for a single payment period. The company’s global network now covers more than 110 Agreement, substantial payments came from France, the Netherlands, Sweden, the United States and Portugal.
“I’m also delighted to see more than 9,400 members receive their first payments, helping them start building sustainable music careers.”
Peter Latham OBE,PPL
PPL highlights that Q4 distribution marks first-ever payment rayAzerbaijan’s newly established CMO. Azerbaijan’s royalties come from radio stations and music used during the Baku Formula 1 Grand Prix. dave and Central and Eastern Europeof sprinter topping playlists, while dance tracks from artists include Ellie Goulding, Ice Spice, Bibi Lexa, and Ella Henderson The PPL said they benefited from the high-intensity sport.
Pop artist Ella Henderson said: “Thank you to PPL for all the great work they have done in collecting broadcast and public performance royalties for my recordings around the world. These royalties are an important source of income for artists and allow me to continue making music for my fans. .
“I’m glad to see that “0800 Paradise” Participated in the Baku Formula One race, ‘Not present’ and ‘lifeline’ Well received in the United States and Germany. Thank you all for your love and support, and I wish you a better 2025.
Peter Latham Commenting on the quarterly distribution, PPL chief executive OBE said: “We are pleased to conclude our 90th year with strong results consistent with the last five December payments.”
“We continue to defend music rights on behalf of performers and recording rights holders around the world through our growing network of CMO partners, such as Azerbaijan and Guatemala’s first payments. I’m also pleased to see more than 9,400 members receive their first payments payment and help them start building a sustainable music career.
talking MBW Earlier this week, Leathem said, “There’s been a huge shift in PPL’s place in the music industry. It’s an indicator that things are moving in a good direction; we’ve become a respected, well-loved organization that’s an integral part of the music industry.” core.
Earlier this year, PPL launched an initiative called PPL Donationdesignated use £1 million Supporting and investing in the future of British music every year.
Latham also told MBW PPL “is in a very fortunate position where we don’t need to make a profit. We’re here to serve the industry at cost, we’re not trying to make a profit on it.
global music business
