Business

Icelandic neighborhood rights collective SFH signs 5-year deal with music licensing company PPL

SFH, Iceland’s collective management of neighborhood rights for performers and recording rights holders, has signed a five-year agreement for PPLBusiness service of supply.

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According to PPL, the deal will see UK-based music licensing company PPL assist SFH in distributing royalties to performers and record-based copyright holders. outside Iceland, will also increase the amount SFH distributes, the PPL said.

SFH will continue to manage the distribution of royalties in the country.

PPL’s ​​Business Services allow other CMOs to use the company’s technology to accurately and completely distribute royalties.

SFH will submit its broadcast data to the PPL, which will then identify performers and recording rights holders for payment by matching this data with records in its database .

According to PPL, SFH’s analysis of broadcast data shows that 97% of played recordings can be automatically matched to a corresponding track in the PPL’s ​​database, with another 2% having one or more corresponding tracks. to match manually.

The first international distribution of money to performers and recording rights holders using PPL’s ​​Business Services will take place in May and will see three years’ worth of royalties collected. distributed.

The PPL will then continue to support international royalty distribution for the next five years.

PPL’s ​​Business Services also support distribution of the royalties of five other CMOs: AGATA in Lithuania, Audiogest in Portugal, EFÜ in Estonia, PPI in Ireland and SWISSPERFORM in Switzerland.

PPL says that by 2020, the collective has raked in £225.7 million across all of its revenue streams, and distributed funds to more than 135,000 performers and record rights holders.

In 2021The company took in a record 94 million pounds (about $128 million) in international money, up 9.4% on 2020.

“Everybody benefits from this trade.”

Peter Leathem, PPL

Peter Leatham, Managing Director at PPL, said: “I am delighted that SFH has chosen PPL Business Services to assist with the distribution of royalties to performers and recording rights holders. outside Iceland.

“International distribution of royalties can be difficult for smaller CMOs because of the cost and complexity of building the systems and databases required to distribute funds efficiently.

“For a fraction of the cost of such an investment, SFH was able to utilize PPL’s ​​existing market-leading technology and repertoire, allowing it to accurately distribute all funds to those performers and record copyright holders worldwide.

“Everybody benefits from this deal – artists and studios will receive reasonable royalty payments and SFH, whose operations will be streamlined and improved.”

“Our goal at SFH is to make sure we collect and distribute as much money as possible.”

Gunnar Gusmundsson, SFH

Gunnar Guðmundsson, Managing Director at SFH, added: “Our aim at SFH is to ensure we collect and distribute as much money as possible to performers and holders of copyrighted sound recordings. recordings played to the public in Iceland.

“Using PPL’s ​​Business Services offering, we were able to do this cheaply and efficiently.

“This not only leaves more money on the board being distributed, but it also means more performers and recording rights holders get paid.

“We look forward to working closely with PPL and continue to offer advanced licensing and distribution services.”Worldwide music business

https://www.musicbusinessworldwide.com/icelandic-neighbouring-rights-collective-sfh-signs-five-year-deal-with-ppl12/ Icelandic neighborhood rights collective SFH signs 5-year deal with music licensing company PPL

Fry Electronics Team

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