ASCAP has reported record-breaking revenue of $1.84 billion in 2024, marking a 5.7% year-over-year increase, though showing slower growth compared to 2023's 14.1% spike.

Key Financial Highlights:

• $1.70 billion available for royalty distributions (up 6.5% YoY)
• $1.28 billion in domestic distributions, including $53 million in Songwize distributions
• Domestic licensing revenue: $1.40 billion (76% of total, up 5.3% YoY)
• Foreign collections: $438 million (up 6.8% YoY)
• Foreign distributions: $411 million (up 9.8% YoY)

ASCAP welcomed 80,000 new members in 2024, including notable artists Def Leppard, Kacey Musgraves, Jack White, and Graham Nash. As the only non-profit PRO in the United States, ASCAP returns 90 cents of every dollar collected to creators.

CEO Elizabeth Matthews emphasized ASCAP's commitment to creators, stating, "We are the only US PRO that does not take a profit and the only one that can credibly say we put creators first in everything we do."

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 inquiry into public-performance transparency

The performance rights organization maintains its non-profit status despite increasing private equity interest in the sector, demonstrating strong financial performance while prioritizing creator compensation.

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