We are pleased to report that Faversham House has chosen to switch their licensing to NLA media access, bringing the total of magazine publishers covered by the NLA licence to 200. Since NLA first started licensing magazine content in October 2013, following the PPA recommendation to members, publishers have been deciding on an individual basis whether or not to use the NLA service. The fact so many have decided to transfer to NLA in such as short space of time shows the growing industry confidence in our ability to deliver, underpinned by the positive experience of those who transferred from the start. Some of the comments from leading brands include:
‘We are delighted with the monthly royalties we have been receiving from PLS since NLA media access started licensing our content less than a year ago.’ Paul Hunt, Deputy Finance Director, Euromoney Institutional Investor
‘As a small publisher we value all our revenue streams, so I was surprised and delighted to receive a significant rise in secondary licensing revenues following our switch to NLA’ Rob Chambers, Managing Director, Total Telecom
‘For Time Inc, the switching decision was straightforward and our royalties have grown over the last year as a result.’ Andrew Horton, Director, Content & Brand Licensing, Time Inc. (UK) Ltd.
In 2014 NLA generated over £3m for magazines, and the expectation for 2015 is over £4m, and as we continue to add more publishers, revenue will continue to grow.