Record Royalties for Australian Collecting Societies

December 19, 2011

Australia’s APRA and AMCOS have reported a combined revenue of Australian $240 million ($233), with digital revenue rising 50% to Australian $30.2 million ($29 million).

APRA’s overall revenue for the period rose Australian $10.6 million ($10.30 million) to Australian $183 million ($177 million), but was adversely affected by foreign revenue results, which were down 8% to $20.2 million ($19.6 million).

During the latest reporting period, AMCOS achieved Australian $57.1 million ($55.5 million) in gross revenue for the most recent year, a 15% gain, due to a 67% rise in revenue from sales of digital downloads in Australia and New Zealand.