ASCAP PULLS IN $1.34B IN 2021

ASCAP collected a record $1.34b in 2021 as domestic revenues from U.S.-licensed performances surpassed $1b for the first time.

Collections from the audio-streaming and audio-visual sectors pushed ASCAP’s domestic revenue to $1.011b in 2021, up 4.4% over 2020. Distributions of $1.254 exceeded $1b for the fifth year in a row. Total monies available for domestic distribution of licensed and administered performances amounted to $912.6 million, a 2.4% increase from 2020.

Foreign revenues were down 9.7% to $323.5m due to the ongoing global impact of the COVID-19 pandemic. “We know music creators have been deeply affected by the pandemic, and that's why it's so important that ASCAP has delivered more royalties to our members when they need it most,” CEO Elizabeth Matthews said. “Through our licensing, advocacy and wellness efforts, we strive to provide both economic and emotional support to our members to help them weather these challenging times and to create a brighter future.”

ASCAP's 2021 annual report can be viewed here.