ASCAP, the one US PRO based and ruled by songwriters, composers and music publishers, and the one one which operates on a not-for-profit foundation, introduced at present that it delivered one other 12 months of record-breaking revenues and royalty distributions in 2024 to its music creator members. ASCAP delivered $1.835 billion in income within the 2024 calendar 12 months, a rise of $98 million, or 5.7% over 2023 with $1.696 billion accessible for royalty distributions, up by $104 million, or 6.5%.
That is the best quantity in income and royalty distributions to creators and music publishers traditionally reported by ASCAP, fueled by income progress and the bottom general value allocation overhead price within the US at 10%. ASCAP delivers 90 cents of each greenback collected again to its members as royalties and doesn’t cost a fee or take a revenue. As an alternative, in line with its distinctive governance and working ideas, it should deduct bills after which distribute remaining {dollars} as royalties to its members.
ASCAP elevated the worth and monetization of its members’ music with home income from US-licensed performances totaling $1.397 billion, a rise of 5.3%, or $71 million, 12 months over 12 months. Revenues from streaming audio, audio-visual and normal licensing drove the rise. The energy in home income led to five.5% progress in funds accessible for home distributions, which totaled $1.284 billion. Of that whole, $53 million was distributed via Songwize, ASCAP’s royalty administration service offered to ASCAP members who straight license their works.
Collections for overseas income additionally elevated to a complete of $438 million, up by $28 million, or 6.8% with $411 million accessible for royalty distribution, a 9.8% enhance of $37 million.
Within the tenth 12 months of its strategic progress plan, ASCAP has generated a compound annual progress price (CAGR) for whole income of seven%; and for whole distributions, a CAGR of 8%.
Whereas each different US PRO is now non-public equity-owned, ASCAP is the one one that doesn’t owe payouts to non-public traders or shareholders, making author and writer members the only beneficiaries of ASCAP’s progress.
“For songwriters, composers and publishers, ASCAP gives the most effective return on their efficiency royalties as a result of they get 90 cents of each greenback we gather. It’s that straightforward. We’re the one US PRO that doesn’t take a revenue and the one one that may credibly say we put creators first in every thing we do,” stated ASCAP CEO Elizabeth Matthews.
“ASCAP is dedicated to innovating, rising and evolving in ways in which profit our members, as a result of music creators drive each determination we make. Defending the livelihoods of songwriters and composers and defending the worth of music is a mission we take significantly. For us, that is extra than simply enterprise – it’s private, and that’s what units ASCAP other than some other PRO,” stated ASCAP Chairman of the Board and President Paul Williams.
ASCAP represents and aggregates over 20 million copyrights in cost-effective, environment friendly blanket licenses which embody iconic music from Beyoncé, Billy Joel, Cardi B, Chappell Roan, Charli XCX, Chris Stapleton, Dua Lipa, Garth Brooks, Jay-Z, Jimi Hendrix, Joni Mitchell, Katy Perry, Lil Child, Lin-Manuel Miranda, Marc Anthony, Mariah Carey, Neil Younger, Olivia Rodrigo, Paul McCartney, Stevie Marvel and Usher amongst many others.
High music creators switched to ASCAP in 2024 as membership soared previous the a million mark. New members embody nation music trailblazer Kacey Musgraves, onerous rock legends Def Leppard, international pop star Tate McRae, acclaimed movie/TV composer Cliff Martinez, rising rap phenom Sexyy Redd, celebrity songwriter Justin Tranter, rock icon Jack White of The White Stripes, Expensive Evan Hansen star Ben Platt and folk-rock royalty Graham Nash.
2024: A File-Breaking 12 months in Evaluate
Because the US Copyright Workplace developed suggestions on authorized and coverage points associated to copyright and AI, ASCAP’s submitted feedback have been on the forefront of sources consulted for a report issued in early 2025. The ultimate USCO report affirmed ASCAP’s core AI precept of “human creators first,” and cites a number of ASCAP feedback inside the textual content.
ASCAP represents a neighborhood of music creator members, from these simply beginning out to these on the peak of their careers. In 2024 it hosted occasions all year long to convey its neighborhood collectively, together with celebrations of prime members in every style, its annual Membership Assembly, music camps, showcases and workshops. Lately, ASCAP moved shortly to launch a one-million-dollar emergency reduction fund to help Los Angeles-based ASCAP songwriters and composers who have been affected by the LA wildfires.
With a completely cloud-based infrastructure since 2022, ASCAP continues to be a pacesetter in innovation and knowledge expertise. In a brand new strategic alliance introduced with SACEM (Société des Auteurs, Compositeurs et Editeurs de Musique), the 2 societies are leveraging their investments in state-of-the-art knowledge infrastructure and human experience to profit their music creator and writer members.
Additionally in 2024, the ASCAP Lab, the group’s innovation initiative, hosted its fifth ASCAP Lab Problem. The AI and the Enterprise of Music Problem noticed the group working straight with a number of the most promising music tech entrepreneurs and early-stage startups in an effort to form how AI instruments can profit music creators. S: ASCAP