Quantcast

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.

TAGS: ASCAP | revenue
NEAR TRUTHS:
PIVOT POINTS
Breaking down the nuances of a transformational moment (2/27a)
LIVE WIRE:
MICHAEL RAPINO
He's putting asses in seats on an unprecedented scale. (2/27a)
HITS LIST:
CHANGE IS NOW
Is a seismic shift occurring? (2/27a)
ON THE COVER:
TOP DAWG
Evidence that miracles can happen. (2/27a)
NOTHING MATTERS DOES MATTER
Give 'em hell, KG. (2/26a)
OUR TOP 10 LIST FOR 2024
Just kidding. But we'll get there.
STRUM AND DRANG
How guitar music got big again.
GRAMMY GRAMMY GRAMMY
Start digging out your formal wear and let's do this.
THE NEXT BIG MONEY PLAY
it's not what you think.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)