PPL and PRS for Music have launched a joint venture to create one single company which administers the licensing of their members’ music used in public.
The new Leicester-based organisation, PPL PRS Ltd, now provides a single point of contact for companies and organisations looking to acquire a licence to use recorded music in their business.
Its joint licence, TheMusicLicence, means music customers no longer need to purchase separate PPL and PRS for Music licences from each individual organisation.
PRS for Music chief executive Robert Ashcroft said: ‘We have invested years of effort and millions of pounds to simplify music licensing for UK businesses and on behalf of PRS for Music, I am delighted to launch what is the largest joint venture of its kind in the world. This is the beginning of a new era in public performance licensing, which will bring real benefits to our members and customers alike.’
Peter Leatham, PPL chief executive, added: ‘This is an important moment for the music business at large and is a move towards greater efficiencies for our licensees and greater returns for our members who create the music enjoyed by those we license all around the UK.’
In 2016, the two companies generated almost £270m through the licensing of live and recorded music to businesses and organisations – from bars, pubs and clubs to hairdressers, fitness centres and hotels. After running costs, this revenue was distributed to their respective members – performers and record companies for PPL and songwriters, composers and publishers for PRS for Music.
Learn more at pplprs.co.uk