MusicDish e-Journal - November 23, 2017
MusicDish Advertising Network
» HOME » INSIDER SCOOP » CAREER TIPS » MUSIC SPOTLIGHT » MUSICDISH*CHINA
» INDUSTRY INTERVIEWS » NEWS BEAT » DIGITAL SKOOL » OPEN REVIEW » MUSICDISH EDELWEISS
Search MusicDish e-Journal (Advanced)
Subscribe To MusicDish e-Journal
About | Contact | Advertise | RSS | Submit Article | Submit News | Artist Development | Premium PR Distribution
Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network

ASCAP Revenue Tops $1 Billion For Second Year In A Row
Record High Domestic Revenue of $716.8 Million Drives 6.2 Percent Increase In Domestic Royalties Distributed to Songwriter, Composer and Music Publisher Members in 2015
By Mi2N
(more articles from this author)
2016-05-08
Comment | Email | Print | RSS

ASCAP, the American Society of Composers, Authors and Publishers, announced record-breaking financial results, with domestic revenue hitting an all-time high of $716.8 million, up $61 million over 2014, driving record high domestic distributions of $573.5 million, up 6.2 percent over 2014. ASCAP, which operates on a not-for-profit basis, delivered $867.4 million in total royalty distributions to its 560,000 songwriter, composer and music publisher members in 2015. For the second year in a row, ASCAP's combined domestic and foreign revenue topped $1 billion with total 2015 revenue of $1.014 billion.

ASCAP delivered the best value proposition in performing rights licensing, returning 88 cents of every dollar collected to music creators while supporting their careers through advocacy and professional development and investing in technology and innovation initiatives to offer enhanced services to members and licensees. ASCAP's operating expense ratio was 12.3 percent, among the most efficient and lowest in performing rights. The number of performances ASCAP tracked, matched and processed for payment in 2015 increased by 14 percent to 570 billion. Demonstrating a commitment to transparency, ASCAP became the first U.S. PRO to provide fractional share ownership information in its publicly available online database for each of the more than 10 million musical compositions in the ASCAP repertory.

2015 Revenue Detail Growth in All Major Categories

Domestic revenues of $716.8 million grew across all major categories, including Audio/Visual, New Media, General Licensing and Radio. In the Audio/Visual category, which covers broadcast and cable TV as well as top streaming services like Amazon and Netflix, ASCAP closed 68 agreements representing 245 programming services and their related websites. General Licensing, which covers bars, restaurants, music venues, and similar businesses, saw record growth of $11.0 million, or 9.1 percent.

Record setting domestic revenue helped ASCAP to collect more than $1 billion in revenue for the second year in a row, despite the fact that foreign collections, at $298.0 million, were down by 14.1 percent from 2014, caused by the negative impact of the strengthening U.S. dollar.

ASCAP created a new Global Services Team in 2015 to provide best in class services to its music creator and publisher members as well as to its foreign PRO partners, which annually handled over 70,000 inquiries.

Related News from Mi2N:
» ASCAP Revenue Tops $1 Billion For Second Year In A Row: Market-Leading Pro Strengthens Core Business, Continues Transformation


Home » News Beat » ASCAP Revenue Tops $1 Billion For Second Year In A Row
Permalink:http://www.musicdish.com/mag/?id=13803
Email |Print |Comment |RSS

back | top


MusicDish Advertising Network

News Beat

» Nordic & British Musicians' Unions' Joint Statement on Sexism in the Music Industry

» Women Make An Impact On The 2018 MPG Awards Shortlist

» Two-Sides of Copyright Finance: Sound Royalties & Kobalt

» Career Moves: ROLI, Live Nation Sweden, Music Glue, BBR Music Group, Warner/Chappell Music Spain & Blue Night Soundscapes

» Europe's Digital Music Leaders Form Alliance

News Beat Directory



» [2017-11-21] Joint Statement By The Nordic Musicians' Unions And British Musicians' Union; Discussions On The Issue Of Gender Inequality, Sexism And Sexual Harassment, The Scale Of Which Had Been Highlighted By The Recent #metoo Campaign

» [2017-11-13] Women Make An Impact On The 2018 MPG Awards Shortlist; Nearly A Quarter Of Those Named This Year Are Female, Proving That Music Production Is No Longer A Bastion For The Boys

» [2017-11-13] The Nashville Musicians Sound Healthcare Plan Rolls Out; Sound Healthcare & Financial Announced The Formation Of A True Group Health Insurance Policy Plan For Musicians And Industry Professionals

» [2017-11-09] Streaming & Listening Diversity - Spotify Case Study; Will Artists Have An Easier Time Finding An Audience, Or Will Streaming Focus Global Attention On A Small Number Of Stars?

» [2017-11-09] Two-Sides Of Copyright Finance: Sound Royalties & Kobalt; Sound Royalties Unearths Millions In Undistributed Royalties While Kobalt Launches Fund To Invest In Music Copyright

» [2017-11-08] Career Moves: ROLI, Live Nation Sweden, Music Glue, BBR Music Group, Warner/Chappell Music Spain & Blue Night Soundscapes; ROLI Chief Creative Officer, Live Nation Sweden Managing Directors, Music Glue Global Head Of Business Development, BBR Music Group VP Of International, Warner/Chappell Music Spain Managing Director And Blue Night Director Of Music Clearance

» [2017-11-08] Europe's Digital Music Leaders Form Alliance; European Digital Music Companies Launch Of Digital Music Europe

» [2017-11-05] Pandora Subscriber Base Grows To Over 5 Million; Pandora Premium Paid Subscribers Cross The 1 Million Milestone In October 2017

» [2017-11-05] Hybrid Studios Announces Online Mastering Services; Engineers Billy Klein And Brian Frederick Spearhead New Online Mastering Effort Through OC Studio

» [2017-11-05] Music Industry Betting On VR & AR For New Revenue; The Music Industry Is Making An Early Bet On VR & AR To Create New Revenue Streams Across All Their Lines Of Business

» [2017-11-04] Sound Royalties Unearths Millions In Undistributed Royalties; Nearly $14 Million In Undistributed Royalties Has Been Found By Music-focused Finance Firm Sound Royalties

» [2017-11-02] MusicDish*China October China Label Music Releases And Charts; Several Tracks From October Releases Have Charted On Chinese Music Portal Kanjian ING Top 10 Weekly Chart
MusicDish Advertising Network

follow MusicDish on
Follow MusicDish on Twitter

Mi2N Music PR

Hybrid Studios To Sponsor Unsigned Only 2018

Twice The Holiday Feel-Good Vibe From NYC Indie Rockers

LOVE MY COUNTRY! Is The Ultimate Compilation Series Featuring 20 Hot New Hits

Getting Restless

Your Favorite Color Releases "Heartache"

Melvin Alan Album "Wonderful Life"

Jean Louisa Kelly Presents A Personal Collection Of Songs From The American Standards And Musical Theater



Websites: Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network
Services: Submit Article | Submit News | Submit Video | Artist Development | Premium PR Distribution

Copyright © 1997-2017 MusicDish LLC., all rights reserved.
About MusicDish e-Journal | Contact Us | Advertise | RSS | Internships