PPL paid artists and rightsholders $21.5m in international neighboring rights money in Q1

According to the IFPI‘s recently published IFPI Global Music Report, the global neighboring rights market grew to USD $2.5 billion in revenue in 2022 – up 8.6% YoY, and accounting for 9.4% of the worldwide recorded music market. This week, UK-based PPL announced that it will pay out GBP £17.4 million (USD $21.5m at current exchange rates) in its Q1 distribution of international revenues (aka neighboring rights revenues).

Source: PPL paid artists and other rightsholders $21.5m in international neighboring rights money in Q1 – equivalent to nearly $240k a day

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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