ASCAP announced on Wednesday that revenue for 2018 topped $1.2 billion, an increase of 7% over 2017. Over $1 billion of that was paid out in royalties to songwriters, composers, and publishers. Distributions increased by $102 million, up 10% year-over-year.
- ASCAP domestic revenue from U.S. music licensing surpassed the prior year by 7% to hit $906 million.
– Audio Streaming revenue was up by 25%.
– Audio Visual increased 7%.
– General and Background revenue, which encompasses more than 800,000 bars, grills, taverns, hotels, retail stores, fitness centers, and other businesses, grew by 9%.
– ASCAP secured a total of $321 million in 2018 foreign revenue, an increase of 7% over the prior year.
– Domestic distributions from ASCAP-licensed and administered performances in the U.S. increased to $814 million, up 12.5% over 2017. Foreign distributions totaled $295 million, an increase of 4%.
