ASCAP Reports Record Collections, Distribution While Shading For-Profit Competitors ...Middle East

ASCAP collections grew 14.1% to $1.737 billion in 2023 and pay outs to songwriters and publishers increased 14.7% to $1.592 billion, the performance rights organiza tion reported Wednesday (Feb. 28). Those figures represent a record year for ASCAP in both revenue buckets, as well as all-time highs for any U.S. performance rights organization ever, ASCAP claimed. The last time BMI revealed its annual financials — for the year ended June 30, 2022 — the PRO reported collections of $1.573 billion and pay outs of $1.471 billion. BMI did not disclose any full-year financial information in its most recent annual report for it

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