UK collecting societies PPL and PRS for Music have published some new figures from 2016. PPL said that its international collections rose 34% to £49.1m last year, as it collected revenue for its members from 33 countries.
The society said that from a “currency neutral” perspective, the growth of this revenue stream was 18% though. “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,” said PPL’s Laurence Oxenbury in a statement.
Meanwhile, PRS for Music has published its distribution figures for 2016. It processed more than 4tn (yep: trillion) uses of music, up 80% from the 2.4tn it processed in 2015. “Last year we paid over four million musical works which was a 45% increase on 2015,” added director of strategy Graham Davies in a statement.
“We are committed to pushing further and further into the ‘long-tail’ of lower value performance to maximise payments to all our members. These results demonstrate our efforts are paying off.”
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