ASCAP Reports 2009 Results: $995 Million in Collections, $863 Million Distributed

Film Music Magazine • May 20, 2010

ASCAP reported that in 2009, it collected over $995 million for its members and made royalty payments of more than $863 million. ASCAP’s foreign revenue grew to nearly $302 million due to the popularity of its members’ music and foreign exchange rates.

According to ASCAP CEO John LoFrumento, “Music is performed more often, in more places, in more ways by more businesses than ever before. That expanded music use, combined with dramatic ASCAP Membership growth, market share increases and effective strategic management have led to stunning revenue and distribution growth for 2009.”

However, LoFrumento went on to caution, “Looking to 2010 and beyond, our challenge is to obtain fair rates for the increasingly valuable public performance right over Internet and wireless devices. Because we are an organization of and for songwriters, composers and publishers, ASCAP is taking the leadership role in advocating for copyright and the livelihood it makes possible for music creators.”

The operating results were delivered by LoFrumento during the General Annual Meeting that launched ASCAP’s “I Create Music” EXPO (April 22-24). Now in its fifth year, the music creator conference experienced a 25% increase in registration revenue over the prior year with over 2,800 people participating during the three day event in Los Angeles.

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