Quantcast

ASCAP REVENUES TOP $1.3B IN 2020

ASCAP collected more than $1.327b in revenues, a $53 million increase over 2019.

Domestic revenue was up 2.5% to $969m; foreign revenue of $358m was up 9% over 2019. The growth in domestic revenue was driven largely by a 28% gain in audio streaming revenue and 8% in audio/visual.

"2020 challenged all of us unlike any other year in modern history. It also defined ASCAP’s dedication to our members,” said ASCAP Chief Executive Officer Elizabeth Matthews. “That meant strengthening our commitment to our mission to serve our songwriters, composers and music publishers by taking every step necessary to secure their livelihoods and careers. Inspired by our members each and every day, the ASCAP team proved that innovation, efficiency and progress really can be escalated in a crisis."

ASCAP grew royalties for its songwriter, composer and publisher members by $29m, or 2.5%, for a total of $1.213b available for distributions. Domestic distributions from ASCAP-licensed and administered performances hit $891m, an increase of $22m, and foreign distributions totaled $322m.

COVID-19 shutdowns caused a 30% decline in revenues from businesses that were shut down or at reduced capacity during the last three quarters of 2020—concerts and events, music venues, bars, clubs, restaurants, retail stores, hotels and more. 

The ASCAP 2020 annual report can be viewed here.

 

TAGS: ASCAP
NEAR TRUTHS:
THE AGENCY SAGA
What do you want from live? (6/11a)
NEW RELEASES:
HOF AIMS FOR #1
Polo G's riding high. (6/14a)
SIGNS OF HITS LIST
We're reading the tea leaves. (6/14a)
LIVE NATION PONIES UP AT HOLLYWOOD PARK
Rams, Chargers and concerts. (6/14a)
MUSIC’S HOTTEST FIRMS: GRUBMAN SHIRE MEISELAS & SACKS
Is there a lawyer in the house? (6/14a)
RHYTHM, BLUES AND THE FUTURE
The musical tapestry we know as R&B.
WHO'S NEXT?
Predicting the next big catalog deal.
JUST THE VAX, MA'AM
Once we all get vaccinated, how long before we can party?
WORLDWIDE GROOVE
How is globalization bringing far-flung territories into the musical mainstream?
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)