UK music licensing company PPL reports revenues of $347.7m for 2021, up 12% YoY

The company’s results for 2021 mark its second highest annual revenue total, after collecting £271.8 million in 2019. PPL reports that it saw year-on-year growth across all three revenue streams in 2021, including International, Broadcast and online, and Public performance and dubbing, with International and Broadcast, and online licensing revenues reaching record annual amounts.

Source: UK music licensing company PPL reports revenues of $347.7m for 2021, up 12% YoY

RightsTech Extra

AI Companies Get the Picture

By Paul Sweeting

One of the biggest challenges facing copyright owners in grappling with the rapid development of generative AI technology, apart from a murky legal status, has been market failure, as discussed here in previous posts. The amount of existing material needed to train gen-AI models is so great, and so varied, that gauging the value of any one piece of it to establish a market price for it for licensing purposes is often effectively impossible. One group of rights owners is finding willing buyers among AI companies, however. An active, albeit for various reasons mostly sotto voce market has begun to emerge for the use of images held in large photo archives and by photo agencies and social media platforms, complete with per-unit industry and at least a nod toward creator attribution... Read More >>

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