ASCAP hits the $1bn threshold in revenues

ASCAP has become the first performance rights society in the world to report revenues in excess of $1 billion.

For calendar year 2014, the US PRO collected $1,001,452,000 and has distributed royalties in excess of $883 million to songwriters, composers and music publishers, up $32.3 million, a 4% increase over 2013.

In addition, ASCAP announced today that the number of musical performances the society has captured, identified, matched and processed for payment doubled from 250 billion in 2013 to 500 ...

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