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ASCAP Announces Record Revenue for 2023: $1.737 Billion, Up 14.1%
ASCAP announced record financial results for 2023, with $1.737 billion in revenue and $1.59 billion available for royalty distributions to its members.
ASCAP represents and aggregates in cost-effective, efficient blanket licenses over 19 million copyrights, which includes music from Beyoncé, Billy Joel, Cardi B, Dua Lipa, Garth Brooks, Jay-Z, Katy Perry, Lil Baby, Lin-Manuel Miranda, Mariah Carey, Olivia Rodrigo, Paul McCartney, Stevie Wonder, Usher and more. “We are delivering industry-leading technical innovation, legislative advocacy and revenue growth that solely benefits our members, not outside investors or shareholders,” said ASCAP Chief Executive Officer Elizabeth Matthews. “As we like to say, private equity never wrote an iconic love song which is why we fight purely for songwriters, composers and publishers, not for those who use creators and their works of art for their own profits or to secure their own debt.
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