Phonographic Performance Limited (PPL) is a British music copyright collective and licensing company founded in 1934 by EMI and Decca Records. PPL licenses recorded music played in public, broadcast on radio/TV, or used online, representing over 140,000 performers and recording rightsholders. The company collects and distributes royalties to record companies and performers when their music is used commercially, operating as the UK's leading music licensing organization for recorded music rights.