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In this very challenging year, we are very pleased to report that Recorded Music NZ will deliver our 2020 distribution early, and that this year’s distribution will be the biggest we have ever made to our local industry: a record $12.1m in royalty payments to our artist and label members, representing a 3.6% growth from 2019.
We are also very pleased to report that not only will this be our largest distribution we have ever made, it will also be the largest distribution attributable to NZ Artist Recordings ($2.2m) and with a record number of individual NZ artists receiving a distributable payment (2,545 artists).
This distribution represents licensing revenue collected in 2019 and last year continued the trends of growth in areas such as public performance via our joint licensing organisation OneMusic, licensing new local digital services, and addressing changes and challenges in more traditional broadcasting areas such as linear television and commercial radio. Special thanks to Recorded Music Head of Licensing – Liz Diamond, OneMusic Director Greer Davies and all of the OneMusic team who delivered these great results.
For more information on our income performance and activities, our 2019 Annual Report is available on our website.
My sincere thanks to the Recorded Music team specifically Member Services Manager – Dean Cameron, Rochelle Stables, Paul Kennedy, Tony Simmis and Penny Hext in making sure the distribution is accurate and has been delivered earlier than normal this year. If you are interested in our distribution processes please view our policy.
We are pleased that we have been able to deliver the highest ever distribution to our local industry in these very difficult times. We have to acknowledge that many things have changed in 2020 and our collective licensing revenue this year will be greatly impacted due to Covid-19, meaning 2021’s distribution will be impacted.
We do not yet know the full impact of Covid-19 on Recorded Music. However, what is clear is that 2020 will be very different to any other year we have experienced, and Recorded Music will do all that we can to advocate, protect and fight for our members, our artists, our local NZ music businesses and our wider music whanau, and focus on our core objectives as we navigate through this unprecedented experience together.