The Phonographic Performance Limited, normally referred to as PPL, is a UK-based music licensing company and performance rights organisation established by the record label’s Decca and EMI in 1934. As of 2012 PPL collected royalties for 65,000 performers and 10,000 record companies.
Its field of operation is distinct from the Performing Right Society, now called PRS for Music, founded in 1914, which formerly collected fees for live recitals of sheet music.
PPL and PRS for Music are two distinct autonomous companies and in most instances a licence is required from both businesses to legally broadcast recorded music and to play music in public. While both companies licence the use of music and collect royalties for the music industry, they represent different interested parties and have separate licences, terms and conditions.
PPL collects and distributes revenue for the use of recorded music on behalf of record companies and performers. PRS for Music collects and distributes money for the use of the musical composition and lyrics on behalf of publishers, composers, writers and lyricists.