US-based PRO ASCAP has published its figures for 2022, revealing that its collections passed $1.5bn for the first time ever.
The $1.52bn of collections were up 14% year-on-year, including $1.18bn of domestic revenues from the US, up 16.5% on 2021’s collections there. ASCAP also saw 16% growth in its audio streaming collections last year.
What did all this mean for actual payouts to the PRO’s members? Those grew by 10.7% to $1.39bn, with ASCAP trumpeting its continued record of “delivering 90 cents of every dollar back to its members as royalties”.
The organisation is also banging the drum for its status as a not-for-profit entity: all part of its ongoing competition with rival BMI, which announced its plans to become a for-profit business last October.
ASCAP said that it added 39,000 new members in 2022, taking its total to more than 900,000 songwriters, composers and music publishers.
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