by Nina Ulloa
ASCAP says they’re the first PRO to bring in $1 billion in a year, which they pulled off in 2014.
Of that $1 billion, they paid out $883 million in royalties to songwriters, composers, and publishers.
In 2013 they paid out about $850.7 million.
ASCAP is not-for-profit, and only deducting operating costs from their total revenue. They say they only take about 12.6 percent for operating expenses. Everything else goes to their members.
They represent Beyoncé, Jay Z, Beck, St. Vincent, Kendrick Lamar, and many others.