CEO Describes AMCOS Growth As 'Exceptional'

APRA|AMCOS, Australia's music copyright organisation, has released its 2013 financial results with CEO Brett Cottle describing AMCOS' revenue growth as “exceptional”.

The two entities distributed 14 percent more in royalties to its members, 244,623 writers and publishers in total received payments, throughout the 2011/12 financial year, with a reported revenue growth of 7.2 percent – up to $257.4 million.

APRA, which deals with royalties for public performances, had a modest revenue growth of 1.5 percent to $185.6 million while AMCOS, which deals with mechanical rights, posted a remarkable 25 percent growth to $71.7 million.

Cottle said today, “In a year in which APRA's revenue grew marginally and AMCOS's grew exceptionally, the real story has been the significant increase in distributions paid to members and to affiliated societies”.

The organisation also highlighted a 9.1 percent increase in international revenue for local music creators, to a record high of $22.1 million.

You can read the full financial report here, or the year in review here.