By Jem Aswad Senior Music Editor ASCAP, The American Society of Composers, Authors and Publishers, reported record financial results for 2019, with total revenue topping $1.274 billion in 2019, a $47 million increase over 2018, according to an announcement from the performing rights organization.
Royalty distributions to ASCAP members also hit a record high in 2019 and increased by $75 million, crossing the $1 billion mark for a third year with $1.184 billion in royalties paid out to ASCAP songwriter, composer and publisher members.
Domestic revenue collected by ASCAP in 2019 was $945 million, up $39 million over the prior year, driven in part by an increase in audio streaming, which increased 16%.
Read more on variety.com