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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%).