The UK music licensing company PPL has announced that it generated revenues of GBP £272.6 million (USD $336m) in 2022, representing a year-on-year increase of 7.8%. That marked the highest level of revenue in the company’s 89-year history. PPL paid 165,000 musicians and recorded music rightsholders in 2022, another record high. That membership figure represented an increase of 12.6% YoY, up from 146,000 in 2021.
Source: Revenues at UK licensing org, PPL, hit record high in 2022, up 7.8% to £272.6m