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PPL announces reciprocal deal with Serbian society
By Chris Cooke | Published on Wednesday 11 December 2013
The UK record industry’s collecting society PPL yesterday announced another international reciprocal agreement, this time with their Serbian counterparts.
As previously reported, as the public performance royalty revenue stream – including the monies paid to music rights owners by pubs, clubs and radio stations – has become ever more crucial to record companies (who, unlike music publishers, once treated such income as something of a sideline), pressure has been put on collecting organisations like PPL to ensure as many reciprocal agreements as possible are in place with other rights bodies around the world.
Such deals ensure that those UK rights owners which appoint PPL to collect public performance royalties worldwide will receive any income they are due from each country with which a new reciprocal deal is done. And in this case it’s Serbia.
Confirming the deal with Serbian rights group PI, Laurence Oxenbury, PPL’s Director Of International, told CMU: “We are delighted to be working with PI. Serbia has a long and rich cultural heritage and it is now home to numerous festivals such as EXIT, which annually attract a host of world-leading artists, placing the country at the heart of the European music festival scene. We are confident that together we can build a positive relationship that can help to drive revenues for performers”.
PI Director Aleksandar Cvetkovic added: “PPL holds the rights to a major catalogue of UK music, so it makes sense for us to be working together, given also that the UK is a major global exporter of music. We look forward to working together and building positively on this relationship”.