Annual revenue at the Australasian Performing Right Association (APRA) and sister society the Australasian Mechanical Copyright Owners' Society (AMCOS) has surpassed the A$200 million ($123 million) figure for the first time.

Solid gains in broadcast, pay TV, digital, concerts and general public performance markets helped drive combined revenue north to $203.7 million ($125 million) in the year to June 30, up 7.4% from the previous year. Distributable income rose 7.6% to $178.6 million ($110 million), another high.

According to financials issued today to its membership, APRA accounted for more than A$178 million ($109 million) of the total, up slightly more than 11.1% up on the year-earlier figure. The result includes the one-off sum of A$5.6 million ($3.4 million) generated by the sale of APRA's head office in North Sydney; the societies will relocate to new premises in Ultimo, Sydney, in December.

"The new space," notes APRA/AMCOS CEO Brett Cottle, "is a great metaphor for our business in 2008: a solid old building - our core business of broadcast and public performance licensing is up by more than 13% in the year under review - combined with a radically new working environment. Our digital revenue is now meaningful, and we stand right on the cusp of the true revolution in monetized digital distribution of music."

Over the reporting period, APRA expenses rose 6.7% to $19 million ($11.7 million), while AMCOS expenses were up slightly, 3.3%, to $6.1 million ($3.7 million). The society boasts an expense-to-cost revenue ration of 12.13%, down from 12.62%.

APRA saw uplifts in almost all its license fields, the biggest money-generating areas being free-to-air TV broadcasting (A$33.6 million/$20.6 million, up 5%) and subscription TV broadcasting ($11.6 million/$7.4 million, up 19.6%). Income from the ringtone business experienced a big drop off, falling 33.3% to $900,000 ($554,000) in APRA's accounts, and 39.7% to $4.1 million ($2.5 million) for AMCOS' bottom line.

During the 2007-08 period, APRA membership swelled to more than 51,300, up 5.7%, while AMCOS' member-base grew to more than 1,870, up 42%.

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