APRA news

APRA AMCOS announces a bumper year for songwriters thanks to streaming and export revenue. Total royalties payable to songwriters, publishers and affiliated societies (net distributable revenue) $335.9m, 17.7 per cent year on year growth. Streaming royalties $62.2m, 127 per cent year on year growth. Royalties earned overseas $43.5m, 13.6 per cent year on year growth. Video on Demand royalties $14.1m, 69.9 per cent year on year growth. Live music royalties $20.4m, 15.9 per cent year on year growth. APRA AMCOS today announces yet another year of record royalty collections, driven by exponential streaming growth. Of the $386.6m in revenue, digital royalties contributed $110.3m, an increase of $42.5m on previous year. Songwriting royalties paid by music streaming services in Australasia has delivered 546 per cent growth in APRA AMCOS’ revenue in just the last three years. The rapid adoption by New Zealand and Australian consumers eclipses that even of television in the 1950s or mobile phones in the 1990s, both of which presented a licensing changing-of-the-guard for APRA AMCOS at the time. Brett Cottle, Chief Executive said, “The rise and rise of consumer subscriptions to music and video streaming services was the key factor underpinning our revenue growth during the year. We estimate that there are now nearly four million subscriptions to one or other of these services across Australia and New Zealand.”