PPL makes advance royalty payment of £23.9 million

The UK's neighbouring rights society PPL has brought forward part of its June distribution to its label and performer members. On 30 April 2020, PPL made an advance payment of £23.9 million to more than 15,000 performers and recording rights holders.

  PPL said this action was being taken "to further support members during the Covid-19 pandemic" and that the payment "will bridge the gap between payments made in March and June as part of PPL’s annual distribution schedule." The payment included revenues from both PPL’s UK licensing activities and international collections.

  “In these difficult times, it is important that PPL is paying members even more regularly than usual," said PPL Chief Executive Officer Peter Leathem. "In addition to our March distribution of £87.6 million and our recent financial pledges to industry hardship funds, bringing forward part of the annual June payment to the end of April will provide further meaningful support for those in need."