Solid results in a challenging year -2009-10 Financial Results for APRA|AMCOS
Thursday, 21 October 2010
APRA|AMCOS are pleased to report a strong financial result for the year ended 30 June 2010, featuring increases in top-line revenue and royalty payouts, plus tightly managed expenses and operating costs.
“The past year has presented many challenges but ultimately solid financial results and positive developments for APRA and AMCOS in a range of areas,” said CEO Brett Cottle.
- APRA’s gross revenue – covering performance and broadcast income – grew by 8.0% during the year, to $172.4 million.
- For AMCOS, which administers mechanical and reproduction rights, gross revenue remained at almost precisely 2009 levels ($50 million), despite a significant fall in record sales during the year.
APRA’s expense to revenue ratio declined by more than half a percentage point – to 12.1%, while AMCOS’ commission rates – ranging from 3 to 10% - remained unaltered.
The combined increase in revenue of 5.8% for the 2 societies meant that a record $194.6m was available for distribution to members and affiliated societies.
Highlights
- APRA|AMCOS achieves record revenue of $222.1 million (up 5.8%)
- Record number of music creators and rights holders paid by APRA: 223,756
- 62,157 APRA Members (up 10%)
- 7,644 AMCOS Members (up 30%)
- 15% increase in Indigenous membership
- APRA general performance licensing revenue increased 21.6% to $50.6 million
- APRA|AMCOS digital download revenue up 52.6%
- APRA international revenue reached a record $21.9 million
View annual reports online
You can view the 2009-10 annual report documents online at www.apra-amcos.com.au [go to About>Corporate Docs] or click on the links below:
• Overview of APRA and AMCOS’ 2010 Financial Year Results
• 30 June 2010 APRA Annual Financial Report
• 30 June 2010 AMCOS Annual Financial Report
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