It was another record-busting year for APRA AMCOS with group revenue surging past $400 million for the first time, as royalties from digital, broadcast, international and, of course, streaming platforms reached all-time highs.
For its 2017-18 financial year, the rights management society reports overall revenue of $420.2 million, up 8.7 percent, a sum in line with the update APRA AMCOS CEO Dean Ormston provided to guests at a breakfast last month at Bigsound. What’s wasn’t revealed that morning was the $362.8 million sum distributed to its songwriters, publishers and affiliated societies, representing an 8.2 percent climb from the previous year.
The full-year results are published today in the society’s “Year In Review.” The across-the-board gains are, not surprisingly, attributed to the continued strong growth in consumer demand for digitally-delivered works.
In other highlights, digital revenue (including audio, video-on-demand, websites and user generated content) blew up by nearly 22 percent to $134.5, with audio streaming ($81.9 million, up nearly 32 percent), taking the lion’s share.
Also for the first time, income from digital outlets have eclipsed those of radio and TV broadcasts combined, which were up 5.8 per cent year-on-year to $132.6 million.