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ASCAP Posts 5.7% Revenue Growth, Distributes Nearly $1.7 Billion to Songwriters and Publishers
ASCAP reports revenue increased 5.7% to 1.835 billion from the prior year’s total of $1.737 billion.
of Justice consent decree, abandoned its not-for-profit status in order to sell to a private equity firm, which occurred in 2024 when New Mountain Capital acquired the collection society. Looking at its activities over the last year, ASCAP reported that signings and renewals include Katy Perry, Timbaland, Kacey Musgraves, Jack White, Justin Tranter, Neil Young, Graham Nash, Def Leppard, Sexyy Red, Max Martin, Hans Zimmer and Tate McRae; along with with the estates of Tom Petty and Jimi Hendrix. ASCAP said it was active in helping to shape the U.S. Copyright’s Office recommendations on legal and policy issues related to copyright and AI; and formed a strategic alliance with SACEM, France’s collection management organization, to leverage their investments in infrastructure.
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