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.

amy shark live
Amy Shark’s LP Love Monster hit #1 in July 2018

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.