Australasian music rights management organization APRA AMCOS has reported a record-breaking AUS $471.8 million in total revenue for the 2018-19 financial year, up 12.3% on the previous year.
In the last decade, the APRA AMCOS group’s revenue has climbed 113.4% from the AUS $221.1m reported in 2009-10.
APRA AMCOS’s net distributable revenue (the amount payable to members and affiliated societies) in the 2018-19 financial year was AUS $410.9m, up 13.2% on last year’s AUS$362.8m.
Digital revenue was AUS $175.4m, delivering 30.4% growth on last year’s results.
The revenue generated from digital’s three sub-categories also all increased year-on-year, with audio streaming up 28.2% (AUS $105m); Subscription video-on-demand (SVOD) up 41.8% to AUS $26.1m and revenue from Websites and User Generated Content (UGC) up 61.2% to $35.3m.
APRA AMCOS says thatSince 2012-13, when audio streaming had its first full financial year impact with $2.4m collected, the category has grown an astonishing 4,275%.
Elsewhere, income from radio and television broadcast totalled AUS $126.8m, while public performance sources accounted for AUS $92.4m.
“Australian and New Zealand composers, songwriters and artists are pushing new boundaries and kicking goals in a globally competitive environment and at a time when there is more music content than ever before.”
Dean Ormston, APRA AMCOS
“Australian and New Zealand composers, songwriters and artists are pushing new boundaries and kicking goals in a globally competitive environment and at a time when there is more music content than ever before,” said Chief Executive Dean Ormston, who joined APRA AMCOS on July 1, 2018.
“It’s so vitally important to support and connect our members to new opportunities and acknowledge their achievements – both locally and globally.
“Whether it’s a Meet the Locals networking event in Darwin, a SongHubs in London or Nashville, or a place on The 1,000,000,000 List – we’re focused on supporting both our new and emerging, and longer career songwriter and composer members.”Music Business Worldwide