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4172.0 - Arts and Culture in Australia: A Statistical Overview, 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 18/06/2007  Reissue
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FINANCIAL DATA

The Business of Music Survey showed that record companies and distributors had an income of $792.4m in 1995-96, of which 92% was earned through sales of goods and services. Their expenses totalled $751.5m, with the largest components being payments made to manufacturers for physically producing the recorded music product ($216.9m), payments for royalties ($215.9m) and for the category other expenses ($214.0m).


The survey also showed that the income of music publishers during the same period totalled $119.9m, with almost four-fifths (78%) of this being receipts for royalties. Music publishers' expenses totalled $112.1m, with royalties being the largest expense item ($75.6m or 67%).


Manufacturers of recorded music in Australia had income of $95.0m in 1995-96, of which 99% was earned through sales of goods and services. Their expenses totalled $82.2m, with the largest components being labour (24%) and manufacturing costs (37%).

13.2 INCOME AND EXPENSES OF MUSIC BUSINESSES - 1995-96

Record companies and distributors
Music publishers
Manufacturers of recorded music
$m
$m
$m

Income
Sales of goods and services
725.5
22.5
94.5
Publishing and sound recording royalties
41.8
93.8
-
Other income
25.1
3.6
0.5
Total income
792.4
119.9
95.0
Expenses
Labour costs
93.0
11.0
19.6
Manufacturing costs and purchases
216.9
10.1
30.6
Publishing and sound recording royalties
215.9
75.6
-
Net advances expensed or provided for
11.8
1.3
-
Other expenses
214.0
14.2
31.9
Total expenses
751.5
112.1
82.2

- nil or rounded to zero (including null cells)
ABS, Business of Music, 1995-96 (cat. no. 4143.0).


The ABS Retail Industry Survey showed that the income of recorded music retailing businesses was $636.1m in 1998-99, while their expenses totalled $610.1m. Some $432.4m (71%) of these expenses were for purchases, while labour costs accounted for $74.3m (12%) and rent, leasing and hiring costs amounted to $48.8m (8%).


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