ASCAP leaders tell members that they're "working day in and day out on your behalf" to collect and pay out funds during the COVID-19 crises.
ASCAP collected $1.274 billion in revenue, a 3.83% increase from the $1.1227 billion reported in the prior year; while distributions to songwriters and publishers increased 6.76% to $1.184 billion from $1.109 billion in the prior year.
That represents the sixth year in a row where the American Society of Composers, Authors and Publishers topped the $1 billion mark in collections and the third year in a row where it passed that milestone in royalty distribution to its members.
Breakout out revenue by geography, domestic receipts totaled $945 million while foreign receipts came to $329 million for the