ASCAP Paid Out $827 Million In Royalties In 2012
March 5, 2013

ASCAP (The American Society of Composers, Authors and Publishers), announces it distributed over $827 million in royalties to its songwriter, composer and publisher members in 2012, a slight increase over 2011. Also, 2012 became the fifth year in a row that ASCAP distributed in excess of $800 million to its members. At $941 million, annual revenues were strong - the third highest ever - but down 4.5 percent from 2011.

Growth in cable revenues and continued strength in foreign revenues were the primary factors in mitigating the impact of the radio and background music revenue declines. Due to continued industry growth and several major settlements, cable revenues were up 20 percent. ASCAP also saw revenue growth in new media and general licensing categories, including bars and grills, hotels and pop concerts.

ASCAP President/Chairman Paul Williams commented, "Our goal in 2012 was to ensure a healthy, steady stream of royalties to our members who depend on ASCAP's advocacy and collective licensing to pay the rent and put food on the table. The music of our members is more popular than ever all around the world, especially through the proliferation of online and wireless services. We are navigating in a complex, rapidly changing environment in which huge, cash-rich technology companies are developing business models that fly fast and free with our copyrights. Only a thriving community of songwriters and composers - who can make a decent living from their work - can ensure a vibrant music eco-system going forward. ASCAP's advocacy for our members is, as always, a critical factor in ensuring fair treatment and payment for their work."

ASCAP CEO John LoFrumento noted: "Looking forward to 2013 and beyond, the news is good. We are poised to return to year-over-year growth in our domestic revenues and with foreign revenues remaining consistently high, we are looking forward to a bright future for our members in the coming years. Our members depend on our ability to provide the most effective licensing and global administration of performance royalties as well as the fairest, fastest, highest payments possible. Through recent advancements in our state-of-the-art distribution technology, which is unparalleled anywhere in the world, we see great opportunity to provide the best advanced administrative and rights management services to creators and copyright owners - large and small."

The complete ASCAP report on 2012 can be read here.




 
Breaking News
Jacobs Media Releases Techsurvey 11 Data
Alpha Media Louisville Names Ben Davis Operations Manager
Mitra Darab Named SVP/Marketing, Capitol Music Group
KROQ Weenie Roast Y Fiesta 2015 Line-up Announced
In Brief - April 27, 2015
April 24, 2015
eQB NOW
The Week In Review: 4/20-4/24
iHeartRadio Now Available On The Apple Watch
CÜR Media Names Jay Clark Chief Content Officer
CBS Radio Stations Awarded With 21 Regional Edward R. Murrow Awards
In Brief - April 24, 2015
April 23, 2015
Warner Bros. Promotes Rob Goldklang To SVP/Alternative Promotion
CBS Radio Houston Names Charese Fruge VP/Programming And Operations Manager
Cat Thomas Named VP/Programming, CBS Radio Las Vegas
CBS Radio Las Vegas Names New PDs At KLUC & KMXB
iHeartMedia's First-Ever Soundfront
Pandora Reports Q1 2015 Financial Results
In Brief - April 23, 2015
April 22, 2015
Nielsen Reports Solid First Quarter
Shazam For Radio Adds David De Busk
KIIS FM Announces Wango Tango Pre-Show Performers
In Brief - April 22, 2015
April 21, 2015
Linda Little Named Market President For iHeartMedia Phoenix
iHeartRadio Now Available On Xbox One
Impact Radio Group Ups Garfield To PD at KWYD/Boise
Clip Interactive Activates FM Chip Listening On Additional Devices
Music News
Jay Z: "Tidal Is Doing Just Fine"
Quick Hits: Radio Disney Music Awards, David Guetta, Amy Winehouse, D'Angelo, Billy Corgan
Black Keys' Dan Auerbach Announces New Solo Project
The Week In Review: 4/20-4/24
Quick Hits: Grateful Dead / John Mayer, Saturday Night Live, Frank Ocean, System Of A Down
Quick Hits: Lady Gaga, Estelle, MusiCares MAP Fund benefit concert, Hard Summer Festival, Faith No More, The Ting Tings
Teen Vine Star Shawn Mendes Tops Billboard 200
Quick Hits: Britney Spears & Iggy Azalea, The Grateful Dead, Ed Sheeran, R.E.M., The Smashing Pumpkins, Pitchfork Music Festival, Musicfest NW
Charli XCX, Bleachers Plot Eclectic Tour
Quick Hits: Billboard Music Awards, Walk Off the Earth, Miami Concert Series, Louis Tomlinson, Neil Young, AC/DC, Mötley Crüe
Green Day, Ringo & More Inducted Into The Rock Hall Of Fame
Muse Plans Drones Live Events
Quick Hits: iHeartRadio Summer Pool Party, Hozier, Panic! At The Disco, Foo Fighters, Neil Young / WayHome Music and Arts Festival
Quick Hits: Giorgio Moroder / Britney Spears, Green Day, Black Sabbath, Deftones & Incubus
The Week In Review: 4/13-4/17
FMQB NOW

Rick Cummings
Emmis Pres.
of Programming

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!