Performance royalty collection society APRA AMCOS reports that Australian artistes’ royalties from overseas doubled between 2013 and 2018, to A$43.7 million (US$30m).
Overall the Australian music industry alone earns around A$195m (US$132m) annually from international markets, with live performance being the top source of overseas income, according to the report, the first of its kind to gather data on the economic impact of Australian music.
The study found that Australian artistes annually earn a combined A$58.6m (US$40.35m) in live performance income, with the biggest markets being the US, UK and Germany.
The Born Global: Australian Music Exports report is the result of a three-year study carried out by the University of Newcastle and Monash University, in partnership with Sounds Australia, APRA AMCOS and the Australia Council for the Arts.
“More and more Australian musicians are now globally recognised household names,” says APRA AMCOS CEO Dean Ormston. “The opportunity now is to build on the work in the North America and European markets and to explore the full potential of Australian music exports and people-to-people links in the Asia-Pacific rim and South America.”