PPL Distributes $58 Million in Q4 2024, Expands to Azerbaijan and Guatemala Markets

PPL Distributes $58 Million in Q4 2024, Expands to Azerbaijan and Guatemala Markets

By Marcus Bennett

December 18, 2024 at 09:55 PM

PPL has announced its Q4 2024 distribution of £45.3 million ($57.5 million), marking a slight 7% decrease from the record-breaking Q4 2023 payout. The distribution reaches over 137,000 performers and rightsholders worldwide.

F1 race cars in Azerbaijan

F1 race cars in Azerbaijan

Key Distribution Highlights:

  • International payments from 69 CMOs (up from 63 in Q4 2023)
  • Major contributions from France, Netherlands, Sweden, US, and Portugal
  • First-time payments received from Azerbaijan (RAYS) and Guatemala
  • Includes revenue from music-video subsidiary VPL
  • Over 9,400 members received their first-ever payment

Additional Developments:

  • PPL has joined the newly formed "Creative Rights in AI Coalition"
  • The coalition established three principles focusing on:
    • Creating a beneficial licensing market
    • Ensuring AI training transparency
    • Promoting industry growth and innovation

The distribution also includes a £2.3 million ($2.9 million) Annual Supplementary Remuneration Fund payment for 2024. According to CEO Peter Leathem, this performance aligns with December payments from the past five years, marking a strong end to PPL's 90th year of operations.

This distribution demonstrates PPL's continued expansion of its global collection network while supporting new artists in building sustainable music careers.

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