A new report from Deloitte Access Economics put the value of the Australian commercial radio sector at close to $1 billion ($973 million), based on data provided by nine networks.
This comes at a time when recorded music amped up its latest push – beginning in June – to change decades-old laws to get hundreds of thousands of dollars more in royalty payments from radio for playing sound recordings.
This week (Wednesday, August 9), ACT independent Senator David Pocock introduced the Fair Pay for Radio Play Bill. It attempts to remove the caps that saw commercial radio pay just $4.4 million in 2021-22 – equal to 0.4 per cent of gross industry revenue – while the ABC forked out $136,000.
Behind The Billion Dollar Figure
The report, Connecting Communities: The Economic and Social Contribution of Commercial Radio and Audio in Australia, was commissioned by the industry body…
