The Australasian Performing Right Society (APRA) and the Australasian Mechanical Copyright Owners' Society (AMCOS) jointly posted a combined revenue of A$189.7 million ($169 million) in the 2006/07 financial year, up 12.8% on the 2005/06 period.
The performing right association has managed the day-to-day operations of the AMCOS business since 1997.
APRA distributed more than A$122.9 million ($109.4 million) in royalties - up by 11% - to songwriters, composers and music publishers in Australia and overseas during its most-recent financial year. AMCOS distributed more than $42.7 million ($38.04 million), an increase of 21%.
APRA and AMCOS' Sydney-based CEO Brett Cottle unveiled the figures Nov. 16 at the societies' AGM in Sydney.
APRA's gross consolidated revenue rose 11% to A$141 million ($125.6 million). Its final expense to revenue ratio was 12.6%, which remains at or near world's best practice, according to Cottle.
The biggest revenue growths were seen in public performance licensing, where revenue grew by 19% to A$35.2 million ($31.3 million); a 19% rise was generated in pay and subscription television to $9.7 million ($8.6 million); a 12.8% rise was seen in foreign income to $19.4 million ($17.2 million); while online and mobile revenue grew by 134%, albeit off a modest base, to $2.94 million ($2.61 million).
APRA was established in 1927. As at 30 June, 2007, it had 48,548 members in Australia and NZ made up of 48,091 writers and 457 publishers.
Gross revenue for AMCOS rose 18.6% to $48.7 million ($43.3 million) mostly due to the Australian music industry's greater use of digital platforms.
Royalties from digitally-delivered works, excluding settlement recoveries, increased by more than 179% to A$2.7 million ($2.4 million), and mobile ringtones were up a further 35% to A$6.8 million ($6.05 million).
Mechanical royalties, covering both audio and audio-visual formats, were up 20% to A$10.8 million ($9.62 million). Audit recoveries, including control account recoveries, were up 92% to A$1.62 million ($1.44 million).
As at 30 June, 2007, AMCOS had 1,319 members, including 1,050 writer members and more than 260 music publisher members.