The performance rights organization ASCAP today announced that it has record revenues of $785 million for the fiscal year 2006, with royalty payments to its members in the amount of $680 million. This represents a 5% increase over revenues for the previous fiscal year. According to ASCAP, revenues from Internet and wireless license agreement grew 70% to $13.8 million. Look for this number to increase even more in the coming years.
About the Author: Barry Neil Shrum, Esq.
Barry Neil Shrum, Esq. is an entertainment lawyer in Nashville Tennessee with over 20 years experience. One of Nashville's premier entertainment, intellectual property , technology and entrepreneur attorney and lawyer.