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ASCAP Posts Record-Breaking $1.835 Billion in Revenue for 2024
ASCAP, the only not-for-profit performing rights organization in the U.S., delivered a record-breaking $1.835 billion in revenue in 2024, up 5.7%.
As a not-for-profit organization, ASCAP delivers 90 cents of every dollar collected back to its members as royalties and does not charge a commission or take a profit. The organization’s top signings and renewals for the year included Tate McRae, Katy Perry, Timbaland, Kacey Musgraves, Jack White, Sexyy Red, Max Martin, Justin Tranter, Neil Young, Def Leppard, Hans Zimmer, and the estates of Tom Petty and Jimi Hendrix. ASCAP represents and aggregates over 20 million copyrights in blanket licenses that include music recorded by Beyoncé, Billy Joel, Cardi B, Chappell Roan, Charli XCX, Chris Stapleton, Dua Lipa, Garth Brooks, Jay-Z, Jimi Hendrix, Joni Mitchell, Katy Perry, Lil Baby, Lin-Manuel Miranda, Marc Anthony, Mariah Carey, Neil Young, Olivia Rodrigo, Paul McCartney, Stevie Wonder and Usher among many others.
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