×
You will be redirected back to your article in seconds

ASCAP Experiences Growth in Distributions to Members, Revenues

ASCAP distributed over $851.2 in royalties and earned $944.4 million in 2013

The American Society of Composers, Authors and Publishers has reason to celebrate on the eve of its 100th anniversary.

The performing rights and advocacy group reports jumps in both distributions and revenues. ASCAP distributed over $851.2 million in royalties to its 500,000 members over the last year — up 2.9% from $827 million in 2012. Domestic distributions alone increased by 6.1% from $497.5 to $527.9 million. This marks the sixth consecutive year that ASCAP distributed over $800 million to its songwriters, composers and music publishers.

Thanks to advancements in new media and general licensing, revenues increased slightly to $944.4 million. ASCAP’s operating ratio also grew to 12.4% of revenue (from 11.3% in 2012), following litigation with Pandora.

“As we celebrate our centennial, we believe it is time to update the regulations that govern music licensing,” ASCAP president and chairman Paul Williams said in a press release. “ASCAP is working to shape a future which preserves the enormous benefits of the collective licensing model, while better reflecting how technology is changing the way people listen to music and the competitive landscape in which we operate.”

The last calendar year also saw ASCAP migrating its data center to a new facility with increased storage and speed. It completed a five-year project that simplified license and rate structures for eating and drinking establishments, yielding a 30% increase in general licensing customers.

The org also expanded its satellite radio survey, ultimately allowing 18,000 more members to get paid. Due to tracking enhancements and an increase in the number of licensees playing a wider range of music, its number of members receiving royalties has increased 45% in the past five years.

More Music

  • Ciara arrives at the red carpet

    Ciara to Host 2019 American Music Awards; Kesha Joins as Performer

    Ciara has been named as host of the 2019 American Music Awards, returning to the show after appearing as a performer alongside Missy Elliott on last year’s telecast. The singer is not a newcomer to hosting duties, having previously presided over the Billboard Music Awards three years ago. Prior to performing her single “Level Up” [...]

  • Wu-Tang Clan Children Form Group, 2nd

    Wu-Tang Clan Children Form Group, 2nd Generation Wu (Listen)

    Considering the Wu-Tang Clan’s sprawling membership — nine core members with a couple dozen auxiliary members — it’s not surprising that, a year after the group belatedly celebrated its 25 th anniversary, several of its offspring have formed a group called 2 nd Generation Wu. The group’s members consist of U-God’s son iNTeLL, Method Man’s son [...]

  • Randy Newman My First Time

    Randy Newman Looks Back on His Early Career and His Work for ABC's 'Peyton Place'

    “What?! My god.” This is Randy Newman’s reaction upon learning of the first time he ever appeared in the pages of Variety, back in May of 1965. That was three years before he released his first album as a singer-songwriter, at which point he began steadily accruing fans of his warped musical character sketches until [...]

  • Kacey Musgraves poses in the press

    Backstage at the CMA Awards With Kacey Musgraves, Maren Morris, Garth Brooks

    Backstage at Nashville’s Bridgestone Arena, CMA Awards winners, performers and presenters came back to meet the press after their appearances, including Kacey Musgraves, Maren Morris, Garth Brooks, Blake Shelton, Dan + Shay, Ashley McBryde and Luke Combs. Garth Brooks was named entertainer of the year for the seventh time, and during his acceptance speech, he [...]

  • Roey Hershkovitz

    Roey Hershkovitz, Former 'Conan' Music Booker, Joins Capitol Studios as VP

    A little over a year after exiting his role as music booker for ‘Conan,’ Roey Hershkovitz has landed a new gig as vice president of Capitol Studios and Digital Studios, Universal Music Group (UMG) announced today. In the newly created position, Hershkovitz is tasked with overseeing the iconic recording studio’s recording, tracking, mixing and mastering [...]

  • Variety's New Leaders 2019: Music

    Rising Execs From Spotify, Downtown, Capitol Among Music's New Leaders

    Every year Variety seeks to identify the next generation of leaders in the entertainment business, looking for representatives in the creative community, film, TV, music and digital. This year’s music industry group has a heavy East Coast focus: We selected executives from forward thinking companies such as Spotify and Downtown Music Holdings and tastemakers from [...]

  • Blake Shelton and Garth Brooks53rd Annual

    TV Ratings: CMA Awards Stable, Gain 1 Million Viewers on 2018

    After falling to an all-time low in 2018, the 2019 CMA Awards stabilized for ABC and gained a chunk of viewers. Last night’s awards show garnered a 2.0 rating among adults 18-49, down only a fraction from last year’s 2.1, and was watched by 11.3 million total viewers, up roughly 12% from last year. However, [...]

More From Our Brands

Access exclusive content