London based music licensing company, PPL, have announced a new agreement with The AFM/AFTRA Intellectual Property Rights Distribution Fund in the US.
“Given the importance of the markets, it is critical for our members that we develop and open up all possible revenue streams between the two countries and we are delighted that non-featured as well as featured performers will now be paid for the limited rights that exist in the US,” said Laurence Oxenbury, Head of International at PPL.
Dennis Dreith, Administrator of the AFM/AFTRA Fund agrees this will be a much needed source of revenue for non featured performers. “This Agreement marks a significant first step in ensuring that performers in the two top international markets receive all they are entitled to. We look forward to a long and fruitful relationship with PPL in advancing the cause of performers world-wide.”
PPL (previously known as Phonographic Performance Limited) is the London-based music licensing company which undertakes collective rights management of recorded music and music videos for public performance, broadcast and new media use. The income generated is then allocated and paid to their record company and performer members, often referred to as royalties or revenue payments.
Established by the American Federation of Musicians of the United States and Canada (AFM) and the American Federation of Television and Radio Artists (AFTRA) – the major labour unions in the U.S. representing musicians and singers respectively. The Fund administers and distributes certain funds that the AFM and AFTRA collect on behalf of musicians and vocalists pursuant to U.S. and foreign law.