ASCAP achieved record-breaking revenue of $1.84 billion in 2024, marking a 5.7% year-over-year increase, though growth slowed compared to 2023's 14.1% surge.

Key Financial Highlights:

• $1.70 billion available for royalty distributions (up 6.5% YoY)
• Domestic distributions reached $1.28 billion, including $53 million in Songwize distributions
• Domestic licensing generated $1.40 billion (76% of total revenue, up 5.3% YoY)
• Foreign collections totaled $438 million (up 6.8% YoY), with $411 million available for distribution

ASCAP maintained its position as the only non-profit PRO in the United States, with CEO Elizabeth Matthews emphasizing that creators receive 90 cents of every dollar collected. The organization added 80,000 new members in 2024, including notable artists Def Leppard, Kacey Musgraves, Jack White, and Graham Nash.

Industry Context:

• BMI's recent private equity sale
• Global Music Rights' majority stake acquisition by Hellman & Friedman
• SESAC's potential $3 billion sale to Blackstone
• AllTrack's expansion with a new mechanicals division
• Copyright Office's initiation of a public-performance transparency inquiry

While other PROs explore private equity options, ASCAP remains committed to its non-profit model, prioritizing creator compensation over profit margins.

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