ASCAP Posts Record-Breaking $1.835 Billion in Revenue for 2024
variety.comJem Aswad Executive Editor, Music ASCAP, the only remaining not-for-profit performing rights organization in the U.S., delivered a record-breaking $1.835 billion in revenue in the 2024 calendar year, an increase of $98 million, or 5.7% over 2023, with $1.696 billion available for royalty distributions — up by $104 million, or 6.5%.
The numbers mark the highest amount in revenue and royalty distributions to creators and music publishers in ASCAP’s history, powered by revenue growth and the lowest overall cost allocation overhead rate in the U.S.
at 10%, according to the announcement. As a not-for-profit organization, ASCAP delivers 90 cents of every dollar collected back to its members as royalties and does not charge a commission or take a profit.
Instead, according to its governance and operating principles, it is required to deduct expenses and then distribute remaining dollars as royalties to its members.
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