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Endpoint: ASCAP



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created on: 24/02/2017
by: Lo55o (12464)
 
 

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General info :
ASCAP stands for The American Society of Composers, Authors and Publishers, an American not-for-profit performance-rights organization (PRO) that protects its members' musical copyrights by monitoring public performances of their music, whether via a broadcast or live performance, and compensating them accordingly.
ASCAP collects licensing fees from users of music created by ASCAP members, then distributes them back to its members as royalties. In effect, the arrangement is the product of a compromise: when a song is played, the user does not have to pay the copyright holder directly, nor does the music creator have to bill a radio station for use of a song.
In 2012, ASCAP collected over US$941 million in licensing fees and distributed $828.7 million in royalties to its members, with an 11.6 percent operating expense ratio.
As of July 2013, ASCAP membership included over 460,000 songwriters, composers, and music publishers.
In the United States, ASCAP competes with two other PROs — Broadcast Music, Inc. (BMI) and the Society of European Stage Authors and Composers (SESAC).
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Item number : 15209

Submitted by : Lo55o (12464)
on : 24/02/2017
Refined by : bob (9175)
Last updated on: 05/12/2017