IMRO royalties up 5%

ROYALTY payments to music artists by the Irish Music Rights Organisation Ltd (IMRO) last year increased by 5% to €35.8 million.

Accounts recently filed with the Companies’ Office by the Dublin-based IMRO Ltd, show that its revenues last year increased by 3% from €39.2m to €40.4m.

The company’s 12 directors include Irish artistes Paul Brady, Eleanor McEvoy and Christy Moore. The accounts show that the 12 directors were paid an aggregate €191,300 in royalties last year.