PPL Signs Deal to Support Iceland CMO SFH’s Distribution of International RoyaltiesOFFICIAL PRESS RELEASENEWS PROVIDED BY PPL SFH, Iceland’s neighbouring rights collective management organisation (CMO) for performers and recording rightsholders, has signed a five-year deal for PPL’s Business Services offer. The deal will see PPL support SFH with the distribution of royalties to performers and recording rightsholders based outside of Iceland, helping to increase the amount of money distributed by SFH. SFH will continue to manage domestic royalty distributions. PPL’s Business Services allows other CMOs to use the company’s pioneering technology to distribute royalties accurately and in full. SFH will send its airplay data to PPL, who will then identify the performers and recording rightsholders to pay by matching this data against recordings in its 20 million-strong repertoire database. Early analysis of SFH’s airplay data shows that 97% of recordings played can be auto-matched to a corresponding track in PPL’s database, with a further 2% having one or more corresponding tracks to manually match to. The first distribution of international monies to performers and recording rightsholders using PPL’s Business Services will take place in May and will see three years’ worth of collected royalties distributed. PPL will then continue to support international royalty distributions for the next five years. PPL’s Business Services also supports the royalty distributions of five other CMOs: AGATA in Lithuania, Audiogest in Portugal, EFÜ in Estonia, PPI in Ireland and SWISSPERFORM in Switzerland. Peter Leathem, Chief Executive Officer at PPL, said: Gunnar Guðmundsson, Managing Director at SFH, said:
Source PPL
March 9, 2022 12:00am ET by Pressparty |