PPL increases its revenue by 12%

UK music licensing company PPL collected £252.8m in 2021, a 12% increase in revenue on the previous year.

The results mark the company’s second-highest annual revenue total, after 2019’s £271.8m.

The company licenses radio stations, TV broadcasters and some digital media services to play recorded music as part of their programming.

It collects and distributes money to some 120,000 performers and rightsholders, playing a significant role in their income streams.

According to its annual report, PPL’s international revenue was £94m last year, the highest annual revenue amount since international collections started in 2006. This was up by £8.1m (9.4%) on the £85.9m collected in 2020.