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, grills, taverns, hotels, retail stores, fitness centers and other businesses, grew by 9%.| | | Next → |