NLA publishers benefited from a record £34m in royalty payments in 2015, an increase of 12% on the previous year. Licensing is an increasingly important source of revenue for publishers in our digitised world. Royalty payments made by NLA to publishers are equivalent to supporting the employment of 1,500 journalists.
In addition to royalty collection and payment to publishers NLA invested 7% of the licence fees it collected in the maintenance and development of database services which serve the media monitoring market.
The company ended 2015 with a strong customer base, an increased portfolio of publishers to represent and clearly defined plans to develop revenues for all publishers. That continues.
As we celebrate our 20th anniversary year, we hope to build on these successes for the next two decades and continue our work in supporting journalism.