UK's PPL Grows Revenues To $300 Million, 'Get Lucky' Tops Most-Played Poll

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Guy-Manuel de Homem-Christo, Pharrell Williams and Thomas Bangalter, winners of Record of the Year and Album of the Year for "Random Access Memories" attend the 56th GRAMMY Awards at Staples Center on January 26, 2014 in Los Angeles, CA

U.K. music licensing company PPL grew revenues to £176.9 million ($296.5 million) in 2013, a 4% increase on the previous year, it was announced at the organization's AGM, held today in Central London.

Broadcast and online income accounted for just over 40% of the company's overall revenues, totaling £73 million ($122 million) in 2013, up 5% on 2012. A key contributor to the growth in broadcast revenues was annual increases in long-term licensing agreements with U.K. television companies such as the BBC (also including its radio and iPlayer services), ITV and Sky, said PPL.

Public performance revenues, generated via licence agreements that lawfully allow U.K. businesses to play recorded music in their premises to staff and customers, also grew 7% on the previous year's figure to total £69.5 million ($116.5 million), accounting for just over 39% of PPL's total revenues.    

However, international revenues fell by 6% year-on-year to total £34.4 million ($57.6 million). In a statement, PPL cited "distribution issues in Germany" as having a large impact on 2013 collections, but stressed that international revenues will be a "growing revenue stream for the company going forward."

Total distributable revenues to performers and record companies in 2013 totalled £152.2 million ($254.8 million). PPL'S membership has grown to 79,000 performer memberships (up 22% year-on-year). Record company members also increased in 2013 to total 11,500, the organisation announced.

"Over the years we have seen our revenues grow significantly, as performance rights continue to become a major revenue stream for the music industry. We are delighted that in our 80th year we are now paying out more money, on more recordings, to more performers and record companies than ever before," commented PPL CEO Peter Leathem in a statement.

To coincide with the release of its annual results, the company also announced its annual tally of the most played recordings, compiled from music usage data from PPL's licensees across the UK, including radio stations and television channels as well as public performance locations.

Topping the PPL pop chart was Daft Punk's 'Get Lucky' while U.K. pop star Olly Murs led the artist chart. Ludivico Einaudi's 'Nightbook' was No. 1 on PPL's classical chart.

The full 2013 PPL People's Pop Chart is listed below:

  1. Get Lucky – Daft Punk, featuring Pharrell Williams, Nile Rogers
  2. Blurred Lines – Robin Thicke, featuring Pharrell Williams, T.I
  3. Mirrors – Justin Timberlake
  4. Locked Out Of Heaven – Bruno Mars
  5. Just Give Me A Reason – P!NK featuring Nate Ruess
  6. Let Her Go – Passenger
  7. Wake Me Up – Avicii
  8. La La La – Naughty Boy featuring Sam Smith
  9. Troublemaker – Olly Murs featuring Flo.Rida
  10. When I Was Your Man – Bruno Mars