Original article from: http://www.m-magazine.co.uk/news/ppl-announces-largest-annual-international-collection/
PPL has announced its largest ever annual international collections of £49.1m for 2016.
According to figures from the society, this is up 34 percent on the £36.7m international collection from 2015.
Revenue was collected from 33 countries in 2016, with major growth in contributions across France, Italy and Brazil in particular. From a currency neutral perspective, international collections grew by 18 percent.
PPL now has 82 international collection agreements in place across 42 countries. The organisation receives over a third of all performer neighbouring rights payments moving between collective management organisations (CMO) globally.
Peter Leathem, PPL chief executive said: ‘I am very proud that PPL has been able to maintain the highest quality service, whilst ensuring continuous all-round growth and another record collection for our 90,000 members.
‘The main reasons for this continued growth are our unrivalled relationships with global CMOs, as well as improved efficiency and processes in terms of the way we work with them. PPL is very pleased to have achieved this record collection, which is consistent with our key goal to maximise our members’ earnings, and we are very optimistic about what 2017 has in store.’
Laurence Oxenbury, PPL director of international, added: ‘PPL revenues, whether they be from the UK or globally are an integral part of both record companies’ and performers’ income.
‘Whilst the global market is still immature and there are data and volume challenges, PPL’s long term investment, expansion and vision ensures that our talented members continue to benefit from this market. The fact that we prioritise both customer service and data innovation means that we are able to offer both performers and record labels an outstanding international service and just deduct our costs, which currently stand overall at seven percent.’
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