5 | SCREENRIGHTS YEAR IN REVIEW 2021–2022
And once again, we saw a record year in usage
records for the Screenrights Educational Licence,
demonstrating without doubt its ongoing value to
teachers and students.
To match the increase in usage, more Screenrights
members received royalties last nancial year than
ever before, and by 30 June we were sitting at a total
of 4,996 members.
Revenue from our licences and other collection services
also hit a record over the nancial year, coming in at
$53.8 million. Some of this was due to reaching an
agreement with Foxtel on the equitable remuneration
of retransmission of the broadcast channels.
Having taken the issue to the Copyright Tribunal, we
were pleased to reach a ve year deal with Foxtel,
which saw retransmission royalties dating back to January
2020 come in for distribution to our members. However,
over the longer term, the value of retransmission from
pay television may fall as satellite and cable services
are replaced by internet streaming. We are keeping a
watching brief on this and other fast-moving changes
that are impacting our industry.
Screenrights’ Disbursements service saw a record year in
collections, bringing in almost $6.5 million on behalf of
our clients. Our Royalties (World) service fell in collections
last nancial year due to ongoing litigation and delayed
negotiations by partner collecting societies in some
overseas territories. Over time this is expected to recover
and keep growing.
We also brought our Expenses to Collections ratio down
to 15% as we worked to minimise our costs, despite
the cost of litigation proceedings which were ultimately
settled. Whilst litigation is never our preference, we’ll
never hesitate to ght for our members’ rights to fair
remuneration for the use of their programs.
The fth year of the Screenrights Cultural Fund awarded
funding of $249,600 to seven initiatives meeting the
annual focus of ‘New Teams’. The organisation has
remained fully compliant with the voluntary Code of
Conduct for Collecting Societies in Australia, and has met
its standards in the latest independent annual review.
You can nd more nancial detail in our Annual Report.
James Dickinson, Chief Executive
27 October 2022
FY2021/22 saw a return to business-as-usual for Screenrights, if there is such a thing in these
times. We were pleased to see another record year in terms of the new money available for
distribution to our members, at $49.7 million.
MESSAGE FROM THE CHIEF EXECUTIVE
James Dickinson Chief Executive