The Recorded Music New Zealand 2017 annual report is now available and we are pleased to report that we met our 2017 strategic goals across our three core divisions: maximising our collective licensing revenue, delivering world class services to membership and protecting and promoting music via our ProMusic activities.
We managed to grow our collective licensing income again in 2017 and we will pay out a record distribution of $11.5m in royalties to our members this year. Our membership continues to grow and the number of New Zealand recording artists registered in the Direct-to-Artist royalty scheme now comprises of more than 2,850 kiwi artists. The industry is also on a positive trajectory with another year of double digit growth driven by the rapid adoption and use of music streaming services.
We are certainly optimistic about the coming year and the opportunities ahead but a key focus will be to ensure that copyright, as the foundation to the earning of a fair return on creativity for recording artists and record companies, is front and centre with our legislators as we proceed through the review of the New Zealand copyright act.
Click here to view and/or download the full report: RecordedMusicNZ_AnnualReport_2017