Total 2015 revenues for music performing rights organization ASCAP topped one billion for the second year in a row, according to a release from the org. The final tally of $1.014 billion represents a 1.14% increase over 2014.
The rise in revenues was due to a $61 million increase in domestic revenues, which topped out at $716.8 million, and compensated for a 14.1% drop in foreign revenues, which accounted for $298 million. ASCAP delivered $867.4 million of that money to its songwriter members, with an operating expense ratio of 12.3%.
Per ASCAP president Paul Williams: “ASCAP’s superlative results mean we are doing the best job possible for our songwriter and composer members even as we advocate for changes to the outdated music licensing laws that disadvantage songwriters in the today’s digital world.” CEO Elizabeth Matthews added: “We are happy that we could deliver a 6.2 percent increase in domestic royalties to our members in 2015, and we remain committed to transforming into the most progressive operation ensuring that songwriters, composers, lyricists and music publishers can enjoy a sustainable living in today’s music marketplace.”
The org went on to note that it had added nearly 40,000 new members over the calendar year, with a total membership of approximately 560,000. Among the biggest hits from ASCAP members in 2015: The Weeknd’s “Earned It,” Walk the Moon’s “Shut Up and Dance,” and Wiz Khalifa and Charlie Puth’s “See You Again.”