ASCAP Tops $1 Billion in Revenue
The American Society of Composers, Authors and Publishers said 2015 domestic revenue was up $61 million over 2014, to $716.8 million.
That drove domestic distributions of $573.5 million, up 6.2 percent over 2014.
ASCAP says it delivered $867.4 million in total royalty distributions to its 560,000 songwriter, composer and music publisher members.
ASCAP’s combined domestic and foreign revenue topped $1 billion with total 2015 revenue of $1.014 billion.