Collections at U.K. music licensing company PPL grew to £197 million ($288 million) in 2015, an increase of 5 percent on the previous year.
Fueling the growth was an increase in revenues across PPL’s three major income streams: public performance, broadcast license fees and international neighboring rights.
Of those three divisions, revenues from public performances of recorded music across the United Kingdom experienced the largest growth, climbing by 10 percent year-over-year to total £84.4 million ($123 million). PPL credited the uplift to “increased market penetration, supported by improved licensing processes and awareness campaigns across a range of business sectors.”
Meanwhile, broadcast revenues rose 3 percent year-over-year to £75.9 million ($110 million) thanks to growth in both radio and TV licensing. The recovering advertising market also contributed to an increase in broadcast license fees collected on behalf of PPL members. Developing and adapting licenses to cover the migration from traditional television consumption to catch-up TV and on demand digital services was additionally cited as contributing to rising broadcast revenues.
Growth in international collections was less steep, but still increased by 1 percent to £36.7 million ($53.7 million), which equates to a 5 percent climb on a currency-neutral basis.
In line with previous years, the U.S. was the biggest single source of international neighboring rights revenue, totaling £9.6 million ($14 million) and accounting for 26 percent of international collections. Germany overtook Belgium as the second-highest contributor with collections totaling £4.8 million ($7 million).
London-based, not-for-profit organization PPL currently has 79 agreements in place with international collection societies and says that last year it collected international revenues from more territories than ever before.
“2015 was a very good year for PPL members,” said PPL CEO Peter Leathem in a statement announcing the annual financial results. “We collected more revenue across each of our main revenue streams and also paid out more of that revenue faster to more members than ever before.”