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PPL PAYS OUT £61.3M
4/1/21

British CMO PPL paid out £61.3m ($84.6m) to more thana 25k performers and recording rights holders in its Q1 distribution. Since the start of the pandemic, PPL has now distributed a total £308.8m ($426m). 

That payout included the third-highest quarterly international distribution in the company’s history—£28.1m ($38.8m). The £28.1m is made up of revenues collected from 63 CMOs around the world, with significant payments from CMOs in Germany, the U.S. and Italy. For the first time, the distribution also contains money from the Netherlands’ org STAP, which represents producers of sound carriers in the distribution of the home copying levy and lending right remunerations .

PPL Chief Executive Officer Peter Leathem  said this quarter’s payment “reflects the quality of our operations and the popularity of our members’ repertoire.” The firm established its international collections arm in 2006, and since then, has distributed “hundreds of millions of pounds” to its mandating members for the use of their recorded music overseas.

He continued: “Each year our team of neighboring rights experts work with CMOs around the world to maximize the global recorded music royalty revenues we collect and distribute each quarter.” PPL has more than 100 agreements in place with CMOs across Africa, Asia, Australia, Europe, and North and South America.

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