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PPL issues financial results, plus most played songs of 2012
By Andy Malt | Published on Tuesday 16 April 2013
The UK record industry’s collecting society PPL has issued its financial results for 2012, confirming that its earnings increased by 11% year-on-year to £170.8 million.
The biggest increase came from public performance income, up 17% to £64.8 million. Meanwhile, international income rose 13% to £36.6 million and broadcasting and online income was up 5% to £69.4 million. The report also revealed a small decrease in cost-to-income ratio, from 14.4%, compared to 14.9% in 2011.
PPL CEO Peter Leathem told CMU: “I am delighted to be able to report strong growth across all of our three main income streams as a result of the continued good progress PPL is making as a company, as well as the astonishing success and popularity of UK music domestically and around the world. The growth in our international collections was clearly supported by the UK continuing to punch above its weight on the global stage”.
He continued: “We are very aware of, and sensitive to, the ongoing difficult economic environment as it clearly affects not just our members, the vast majority of whom are small businesses and sole traders, but also our licensees as well. The significant growth of public performance income from businesses such as bars, shops, and offices was particularly pleasing and was largely achieved through a continued drive to raise awareness of licensing requirements with new local campaigns across the UK, as well as improvements to internal processes and systems which continued to lead to more effective customer service delivery”.
As well as announcing its financial results, PPL also revealed the ten most played songs in the UK last year, which helped to boost all those figures. And look, here they are:
1 Jessie J – Domino
2 Gotye feat Kimbra – Somebody That I Used To Know
3 Emeli Sandé – Next To Me
4 Maroon 5 – Moves Like Jagger
5 David Guetta feat Sia – Titanium
6 Olly Murs – Dance With Me Tonight
7 Kelly Clarkson – Stronger (What Doesn’t Kill You)
8 Rihanna & Calvin Harris – We Found Love
9 Carly Rae Jepson – Call Me Maybe
10 Maroon 5 – Payphone
