ASCAP has reported record-breaking revenue of $1.84 billion for 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. The organization maintains its unique position as the only non-profit PRO in the United States, returning 90 cents of every dollar collected to creators.

CEO Elizabeth Matthews emphasized ASCAP's commitment to creators: "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

Despite market consolidation and private equity interest in PROs, ASCAP's non-profit status and strong financial performance suggest it will maintain its independent operations.

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