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  • 2018-04-27
  • 07:31:19

    Behind The Entertainment @behindtheent Posting a Photo

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    US-based collection and licensing society ASCAP paid out over $1bn to members annually last year for the first ever time. This $1.007bn cumulative distribution, which was spread across more than 660,000 members, represented a rise of 10% on the prior year. Meanwhile, revenues collected by ASCAP across the 12 months hit $1.144bn, up 8% year-on-year. ASCAP operates on a not-for-profit basis and delivers about 88 cents of every dollar collected back to members for performances of their music: its operating expense ratio stood at about 12% in 2017. In addition to seeing general growth from streaming last year, ASCAP said one of its biggest results was a new agreement with YouTube, signed in June 2017, which ‘will improve the accuracy and reliability of the metadata attached to musical works, and will result in greater compensation for ASCAP members’. Chart-topping members of ASCAP included Ashley Gorley, Drew Taggart, Daddy Yankee, Christopher Brody Brown, James Fauntleroy, Ray Charles McCullough & Jeremy Reeves (The Stereotypes), Frederic Kennett, Isaac Slade, Joe King, Kandi Burruss, Tameka Cottle, Steve Mac (PRS), Justin Bieber, Poo Bear, Mattman & Robin (STIM), Kendrick Lamar, Mike Will Made-It, Lil Uzi Vert, Louis Bell and Quavo.

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