ASCAP posts record profits

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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.

By |2007-03-07T14:34:04+00:00March 7th, 2007|Music Row News|Comments Off on ASCAP posts record profits

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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.