New York
– Performing rights organization ASCAP said it collected over $995 million in
royalties on behalf of its 380,000 songwriter and music publisher members in
2009, and paid out $863 million to members.
"Music is performed more
often, in more places, in more ways by more businesses than ever before. That
expanded music use, combined with dramatic ASCAP Membership growth, market share
increases and effective strategic management have led to stunning revenue and
distribution growth for 2009," said ASCAP CEO John LoFrumento.
"Looking
to 2010 and beyond, our challenge is to obtain fair rates for the increasingly
valuable public performance right over Internet and wireless devices."
The
organization also announced the launch of a new mobile application for ASCAP
members for the iPhone, iPad and other devices.
Related Links:
http://www.ascap.com/press/2010/0503_Financial_Results.aspx
