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APRA AMCOS posts solid growth

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APRA AMCOS’s New Zealand arm recorded solid results in the past year, with revenue up 6 percent to $51 million.

The ever-expanding digital sector and the licensing arm OneMusic – a joint venture with Recorded Music NZ – were once again the chief royalty earners, although the biggest growth category was live music, with revenue up almost 30 percent to $3.5 million.

Overall, APRA AMCOS collected total revenue of A$420.2 million, surpassing the A$400m milestone for the first time. Total royalties payable to songwriters, publishers and affiliated was up 8.2 percent year on year to A$362.8 million with more than 1.4 million works generating revenue for the organisation’s 47,000-plus members.

As well collecting royalties, APRA AMCOS continues to support the NZ industry through a variety of grants and professional development awards, with more than $140,000 going out to a wide variety of organisations and individuals. The SongHubs programme – in which local songwriters and producers are paired with international guests – also went from strength to strength, with 27 APRA members taking part in 2017-18 events to create 40 songs.

SongHubs Sphere

Anthony Healey, head of operations for APRA AMCOS New Zealand, says: “From the incredible collaborations at SongHubs Sphere to the growth of OneMusicNZ, to fostering international opportunities and beyond, supporting and empowering our members so they can succeed and sustain creative careers is what drives our organisation.”

While the organisation saw growth across all aspects of the business, digital remains the #1 earner, accounting for almost a third of all revenue. As well as 30 percent-plus increases in audio streaming and Video on Demand, APRA AMCOS was also pleased with the performance in the user generated content category, which was driven primarily by the organisation’s licensing agreement with Facebook.

The growth in digital is also having a useful knock on effect in boosting revenue from international sources, which have more than doubled in the past five years. In addition, the globalisation of the music marketplace have helped provide more international pathways for Australasian songwriters, particularly in regards to overseas live shows. In 2012, 2,845 performances were submitted to APRA AMCOS; in 2017, 7,095 reports were received.

 

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