×
You will be redirected back to your article in seconds

ASCAP Distributes $1 Billion to Members for the First Time

ASCAP, The American Society of Composers, Authors and Publishers, today announced record-high revenues and distributions in 2017. The organization collected approximately $1.144 billion in revenues last year and distributed — for the first time — more than $1.007 billion to its 660,000 songwriter, composer and music publisher members. Total ASCAP revenues increased by 8 percent and distributions were up 10 percent year-over-year, according to the announcement.

Revenues from ASCAP’s licensing efforts in the US alone grew nearly 11 percent in 2017 to $846 million, up $86.9 million over 2016.

Domestic distributions from ASCAP-licensed and administered performances in the US also increased, to $723 million, up 15 percent over 2016.

ASCAP Chief Executive Officer Elizabeth Matthews (pictured above) commented: “ASCAP is privileged to represent the creators of the world’s best-loved music. ASCAP is securing a strong future for our members by successfully closing key licensing deals and launching innovative digital tools that will enhance the lives of our members and make it easier for licensees to do business with us. Our healthy 2017 financial results are proof positive that we are succeeding in our strategic transformation and our mission to support music creators and music publishers for a sustainable future in the digital economy.”

ASCAP President Paul Williams said: “I am gratified by the hard work that the ASCAP team does every day to make it possible for members of ASCAP to make their living as music creators. 2017 was a year of progress on so many fronts at ASCAP, including important deals that keep money flowing back to creators, technological investments that will keep us ahead of changes in the industry and momentum behind our efforts to reform our outdated music licensing system.”

More Biz

  • Harvey Weinstein, with his attorney Benjamin

    N.Y. Attorneys Doubt That Weinstein Case Will Be Dismissed

    The case against Harvey Weinstein is headed for a moment of truth on Thursday, as the disgraced producer’s attorney is set to urge a Manhattan judge to dismiss five charges of rape and sexual assault. Weinstein’s lead attorney, Ben Brafman, has been hammering away at the case in 234 pages of legal filings submitted over [...]

  • Spotify Says It Was Unaware of

    Spotify Says It Was Unaware of Personal User Data Shared by Facebook

    UPDATED: Spotify was one of many technology companies to which Facebook granted vast access to users’ personal data — far more than it had previously disclosed, according to a New York Times report published Tuesday night. Facebook “effectively exempted those business partners from its usual privacy rules,” the report says, citing internal records and interviews. [...]

  • The Best Gifts For Book Worms:

    Holiday Gift Guide: The Best Gifts For Bookworms

    If you’ve got a bookworm or writer on your gifting list, you’ll want to find them something as creative and inspiring as they are. Pro tip: don’t get them a book. With any voracious reader and writer, it’s hard to guess what they’ve already read, and you don’t want to be a victim of re-gifting. To [...]

  • David Rhodes CBS News

    CBS News Faces New Challenges in Weeks Ahead

    At CBS News, President David Rhodes has a series of important decisions to make that could affect the trajectories of some of TV’s best-known news programs. As its parent company seeks to move forward from recent seismic events – the ouster of its former CEO, Leslie Moonves; a corporate probe into its workplace culture; and [...]

  • Listen: Sarah Bernhardt and the Birth

    Listen: How Sarah Bernhardt and Eleonora Duse Helped Create Modern Celebrity Culture

    They were pioneers in the business of superstardom more than a century ago. Behind the scenes, legendary actors Sarah Bernhardt and Eleonora Duse were also entrepreneurs who ran their own companies and controlled every aspect of their careers. The new biography “Playing to the Gods: Sarah Bernhardt, Eleonora Duse and the Rivalry That Changed Acting [...]

  • Charter Communications logo

    Charter Reaches $174 Million Settlement on Internet-Throttling Fraud Suit

    Charter Communications agreed to a settlement valued at $174.2 million to resolve a lawsuit alleging the U.S.’s second-biggest cable operator defrauded broadband customers by failing to deliver promised internet speeds. According to the terms of the settlement with the New York Attorney General’s Office, Charter will pay $62.5 million in direct refunds to 700,000 active broadband [...]

More From Our Brands

Access exclusive content