Tag: 100 million

ASCAP 2018 Revenue Tops $1.227B; Distributions Hit $1.109B

ASCAP, The American Society of Composers, Authors and Publishers, announced that its total revenues for 2018 topped $1.227 billion, an increase of 7% over 2017.  Additionally, ASCAP distributions crossed the $1 billion mark for the second year in a row, with $1.109 billion in royalties paid out to its songwriter, composer and publisher members. Distributions increased by $102 million, up 10% year-over-year.

ASCAP domestic revenue from US music licensing surpassed the prior year by 7% to hit $906 million.  Key licensing categories saw significant organic growth:  Audio Streaming revenue was up by 25% and Audio Visual by 7% year-over-year.  General and Background revenue, which encompasses more than 800,000 bars, grill

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