PPL chief executive Peter Leathem has told Music Week that the burgeoning global market and growing number of businesses paying for music are the key drivers behind its record-breaking 2016 performance.

PPL’s annual revenue for 2016 reached £212.1 million, up £15.1m (8%) on 2015, whilst also achieving a record net distributable revenue, after all costs and deductions, of £178.9 million.

It was the company’s international collections, however, that experienced the most significant increase, with revenues up 32% from £36.7m to ...