U.K. music licensing company PPL delivered record revenues last year, generating £272.6m, a year-on-year increase of 7.8%.

It’s the highest figure in the company’s 89-year history. The number was boosted by the bounce back of revenues from the use of recorded music in public places, which grew 39.8% to £100.8m (a figure that’s also up from the pre-pandemic collection of £99.6m).

Revenues from the licensing of recorded music for radio, TV and online grew 8.4% to £94m. International revenues dipped 17% to £77.8m; PPL says this is due to the proportion of income collected from past periods declining as a result of CMOs speeding up distribution payouts.

More than 165k musicians and rightsholders received royalties from PPL last year, up 12.6% on 2021.

PPL Chief Exec Peter Leathem said the results are “a testament to the quality of the team, the technology and our data at PPL; but that is nothing without the creativity and hard work of our members, who create the millions of high quality recordings being enjoyed by fans every day.”

U.K. music licensing company PPL delivered record revenues last year, generating £272.6m, a year-on-year increase of 7.8%.

It’s the highest figure in the company’s 89-year history. The number was boosted by the bounce back of revenues from the use of recorded music in public places, which grew 39.8% to £100.8m (a figure that’s also up from the pre-pandemic collection of £99.6m).

Revenues from the licensing of recorded music for radio, TV and online grew 8.4% to £94m. International revenues dipped 17% to £77.8m; PPL says this is due to the proportion of income collected from past periods declining as a result of CMOs speeding up distribution payouts.

More than 165k musicians and rightsholders received royalties from PPL last year, up 12.6% on 2021.

PPL Chief Exec Peter Leathem said the results are “a testament to the quality of the team, the technology and our data at PPL; but that is nothing without the creativity and hard work of our members, who create the millions of high quality recordings being enjoyed by fans every day.”