The numbers are in. And they’re up, right across the board.

APRA AMCOS today reports all-time high $471.8 million revenue for its 2018-19 financial year, up 12.3%, thanks in part to surging royalties generating by streaming platforms and concerts.

At the same time, the rights society posted net distributable revenue of $410.9 million – that is, the money that flows on to members and affiliated societies – blew up by 13.2% to $362.8 million, against 8.2% last time.

Digital is the hero once again. Revenue from digital products grew by more than 30% to $175.4 million, led by the audio streaming sector at $105 million, a rate of growth of 28.2%.

APRA AMCOS
APRA AMCOS

Also during the reporting period, income from live shows moved past $30 million for the first time, up 19% year-on-year, as income from overseas grew to $45.8 million, up 4.8%.

The “Netflix effect” bears out on the subscription video-on-demand category (SVOD), which grew by almost 42% to $26.1 million.

“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 APRA AMCOS CEO Dean Ormston in a statement revealing the annual results.