ASCAP post record income for 2024

ASCAP, the only remaining non-profit corporate law organization in the United States, generated sales of $ 1.835 billion in the calendar year 2024, an increase of $ 98 million or 5.7% over 2023, whereby $ 1.696 billion is available for license fees. USD or 6.5%.

The numbers are the highest amount of income and license distributions to makers and music publishers in the history of ASCAP, which are 10%operated after sales growth and the lowest total cost allocation in the USA.

As a non -profit organization, ASCAP supplies 90 cents of each dollar that is withdrawn to its members as license fees and does not calculate a commission or achieve a profit. Instead, expenditure must be deducted according to his governance and company principles and then remaining dollars must be distributed to its members as license fees. While every other organization of the US rights is now a private equity ownership, ASCAP is the only one who does not owe any payments to private investors or shareholders and makes writers and publisher and publisher's sole beneficiary of the growth of ASCAP.

The top commitments and renewals of the organization for the year were mcrae, Katy Perry, Timbaland, Kacey Musgraves, Jack White, Sexyy Red, Max Martin, Justin Tranter, Neil Young, Def Leppard, Hans Zimmer and the Estates of Tom Petty and Jimi Hendrix.

According to the announcement, ASCAP increased the value and the monetization of the music of the members with domestic income from the benefits in US lots of $ 1.397 billion, which is $ 5.3%or $ 71 million compared to the previous year.

The income from the streaming of audio, audio visuals and general licensing has increased the increase. The strength of domestic sales led to a growth of the funds available for domestic distributions by 5.5%, which was $ 1.284 billion. Of these, 53 million US dollars were distributed via Songwize, the ASCAP license administration service to ASCAP members who directly license their work.

The collections for foreign sales also rose to a total of $ 438 million, $ 28 million or 6.8%, with $ 411 million being distributed for the license fee, which is available by an increase of 9.8% by $ 37 million.

“For songwriters, composers and publishers, ASCAP offers the best return for your performance license fees because you receive 90 cents of every dollar we collect. It's so easy. We are the only US professional who does not make a profit, and the only one who can say credible that we give the creators in everything we do in everything we do, ”said Elizabeth Matthews, CEO from Ascap.

“ASCAP is committed to innovation, growth and development in a way that benefits our members because music creators are promoting any decision we make. Protecting the livelihood of songwriters and composers and the defense of the music value is a mission that we take seriously. For us, this is more than just business – it is personal, and that distinguishes ASCAP from any other professional, ”said ASCAP chairman of the board and President Paul Williams.

Ascap Represents and Aggregates Over 20 Million Copyrights in Blanket Licenses that Include Music Recorded by Beyoncé, Billy Joel, Cardi B, Chappell Roan, Charli XCX, Chris Stapleton, Dua Lipa, Garth Brooks, Jay-Z, Jimi Hendrix, Joni Mitchell, Katy Perry, Lil Baby, Lin-Manuel Miranda, Marc Anthony, Mariah Carey, Neil Young, Olivia Rodrigo, Paul McCartney, Stevie Wonder and Usher.