PPL and SGAE release positive financial figures after record-breaking STIM and SACEM 2022 annual reports

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PPL and SGAE release positive financial figures after record breaking STIM | Richmcculley

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Madrid, Spain, where SGAE is headquartered. Credit: Alex Azabache

Following the publication of the record 2022 financial figures of the French SACEM and the Swedish STIM, the British Phonographic Performance Limited (PPL) and the Spanish General Society of Authors and Publishers (SGAE) have published positive reports themselves.

Speaking of the records, the PPL only recently announced that it had paid out £98m ($124.50m) for the second quarter of 2023. The figure reflects an increase of about 37 percent over the same period in 2022 and also represents “the largest amount ever paid out in a single distribution,” according to the 89-year-old company.

In addition, the total includes both domestic and international collections, the PPL affirmed, with about £2.5 million ($3.18 million) going towards public uses of music videos and hence the closely related VPL. Beyond the second quarter distribution statistics, the remainder of the related PPL release largely highlights the key dates for 2022 while touting the organization’s perceived effectiveness and operational efficiency.

“This record payout in June shows the great demand for the music that we are proud to represent,” says PPL Managing Director Christine Geissmar called part. “Our success is built on a network of strong relationships with the people who work so hard to create and market British music.”

(In late April, PRS for Music reported record earnings for 2022 and is said to have paid out £836.2m or US$1.06bn in royalties, a 23.5 per cent increase from 2021.)

Referring to the aforementioned SGAE and its presentation, the Madrid-based company announced distributions of 316.3 million euros ($343.34 million) for 2022 — a 27.4 percent increase from 2021 and about 13 .1 percent compared to 2019 before the pandemic.

Behind that payout, the company cited €297.9 million (US$323.37 million) in “national income” (up 34.7 percent year-on-year) and €27.9 million/US$30.29 million in its Spanish-language report -Dollars in international revenue (up 25 percent year-on-year). , with the derivatives management category rounding the total to €23 million/$25 million (up 54.7 percent year-on-year).

While the international figure is €5.6 million ($6.08 million) higher than the 2021 figure, it represents a comparatively modest improvement (€1.3 million/$1.41 million), according to SGAE data dollars) from 2019 and a decrease of 300,000 euros ($325,649) from 2020.

According to the same source, states’ estimated revenue for the year was nearly 5 million euros ($5.43 million) — a 46.5 percent increase from 2021 — compared to 2.3 million euros (2, $5 million) from Mexico, Dominican Republic and Central America (up). almost 73 percent year-on-year). Meanwhile, SGAE identified nearly €1 million ($1.09 million) in revenue from Brazil alone, an improvement of nearly 76 percent year-on-year, the source said.

Finally, SGAE took the opportunity to highlight its size and positioning compared to most other members of CISAC, which published its 2023 annual report at the end of May.