Classical royalties rising in the UK
NewsIn the annual payment by PPL, the UK’s music licensing company for recorded music, there is encouraging news for classical musicians.
More than £5 million of the overall £98m distributed by PPL for 2022 went to classical performers and recording right sholders – a rise of more than 50% since 2017. There are three national radio stations which primarily play classical music. Classical repertoire also provides a calm ambience in venues around the country, including waiting rooms, staff rooms, and even branches of McDonalds.
Total figure for 2022 was 272 million I believe?
https://www.ppluk.com/music-licensing-company-ppl-delivers-record-revenues-and-payments-to-performers-in-2022/
Classic PR spin. 5M pounds!, or 5% of total. 50% growth in 6 years! From 3.4M pounds…Cause for rejoice?
PPL’s classifications for each recording are very odd and cannot be relied upon for any useful analysis. “ Chamber music” is a separate entity to “ classical music “ for example. “ soundtrack” does not exist hence some soundtracks are “classical “ some are “ audio”….
I think the 98 million was the quarterly figure not the annual one….?
£272.6 million is the annual figure.
https://www.ppluk.com/music-licensing-company-ppl-delivers-record-revenues-and-payments-to-performers-in-2022/
Fantastic! Now people young and old can enjoy the Ring Cycle while sipping their strawberry milkshakes and wrap of the day in McDonalds.