Music copyright organisation APRA|AMCOS has distributed 14% more in royalties to its members in the 2011/12 financial year. The increase has resulted from record revenue growth in the recording rights arm of its business, AMCOS, and from a program of accelerated distributions across all areas of its operations.
Revenue for the group, which represents songwriters, composers and music publishers, grew by 7.2% overall, to $257.4 million. APRA revenue – representing music royalties for public performances, broadcasts and online communications – grew by 1.5% to $185.7 million, while AMCOS revenue – representing royalties from physical sales, digital downloads and other reproductions of music – grew by more than 25% to $71.7 million.
APRA|AMCOS Chief Executive, Brett Cottle, said: “In a year in which APRA’s revenue grew marginally and AMCOS’s grew exceptionally, the real story has been the significant increase in distributions paid to members and to affiliated societies”.
For details, see the full media release attached.
For details, see the full APRA|AMCOS media release attached.