ACAP saw a 4.5% in collected revenue year-on-year in 2012 but royalty payments increased slightly.
The US performance rights organisation collected $941 million in revenues last year compared to a 2011 total of $982 million, while royalty payments increased from $824 million to $827 million.
ASCAP’s revenue decline is attributed to royalty payment decreases from the radio industry and retail background music services.
The slump in those sectors, however, was offset by revenues from the cable industry and abroad, according ...
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowIf you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now