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:

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

ASCAP maintains 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 launch of public-performance transparency inquiry

Despite increased private equity interest in the PRO sector, ASCAP appears committed to maintaining its non-profit status and creator-first approach.

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