British collecting society PPL has announced its June distribution, with a payment of £72.1m to 103,773 musicians and recordings rightsholders. The society noted that this is the second time it has paid out to more than 100,000 people and companies, although the total has fallen from the 112,000 paid in December 2020.
CEO Peter Leathem offered optimism for what comes next. “In May we announced strong collections for 2020 despite the impact of lockdown restrictions, and we are cautiously optimistic that this year we will begin recovering from the impact of Covid-19,” he said.
“We are also confident that once we return to pre-pandemic levels of collections and distributions, the neighbouring rights industry will continue to grow as more countries introduce performance rights, CMOs monetise their rights ever more effectively, and distribute these royalties around the world more efficiently and accurately.”