ASCAP Reports Record Collections, Distribution in Songwriter Royalties
ASCAP collections grew 14.1% to $1.737 billion in 2023 and payouts to songwriters and publishers increased 14.7% to $1.592 billion, the performance rights organization reported Wednesday (Feb. 28). Those figures represent a record year for ASCAP in both revenue buckets, as well as all-time highs for any U.S. performance rights organization ever, ASCAP claimed. The last time BMI revealed its annual financials — for the year ended June 30, 2022 […]