The first quarter of this year has seen U.K. music licensing company PPL make its largest ever payment of international revenues.
For a period spanning January to March 2015, the organization paid out over £14.1 million ($21 million) in international neighboring rights, an 8 percent increase on the same period the previous year. The number of PPL performer and record company members receiving international revenues has also risen by 8 percent on quarter one 2014 to now stand at 17,000.
Last month, PPL announced that it had collected £36.4 million ($54 million) of international revenues in 2014, an increase of 6 percent on the previous year (12 percent on a currency neutral basis). The London-based, not-for-profit organization attributes the year-on-year rise to improved data analysis and an increase in the number of Collective Management Organizations (CMOs) from which it collects neighboring rights. PPL currently has 75 agreements in place with 35 international collecting societies and claims to collect more than 50 percent of all performer neighboring rights payments moving between CMOs throughout the world.
"Our concentration on improving global licensing and distribution processes and the delivery of revenue means that our members can focus on creating music," commented Laurence Oxenbury, PPL director of international, in a statement.
"As well as investing in our systems and global airplay services such as BMAT, Radio Monitor and Soundmouse, we are also driving initiatives with a host of CMOs in other countries to help streamline data exchanges to maximize revenues for members," Oxenbury went on to say.
Established in 1934, PPL works on behalf of 90,000 record companies and performers to license recorded music played in public across the United Kingdom. In 2013, the organization collected revenues of £176.9m ($265,000).