American Society of Composers, Authors, and Publishers (ASCAP) In The News

Swedish collection society STIM’s payouts hit record $217m in 2022

The society revealed the figures in its annual report for 2022

The US recorded music industry grew by $500m on a wholesale basis in 2022. The US music publishing industry grew by nearly double that amount.

Boosted by CRB result and record performance income, the US music publishing industry flew last year

Sacem’s revenues jumped 34% to $1.49bn in 2022. How did that compare to other leading PROs?

Sacem paid out €1.056 billion ($1.112 billion) to authors, composers and publishers worldwide in the year, marking a 19% YoY jump

ASCAP unveils initiatives around AI to ‘help music creators navigate the future while protecting their work’

Organization has laid out a set of principles and advocacy positions with respect to AI

Universal hit with lawsuit over sample used in Migos’ ‘Narcos’

Suit was filed by Florida-based Keep On Kicking Music

ASCAP, BMI form joint task force to combat fraud in music industry

Initiative to address fraudulent activities associated with musical works within the collective management ecosystem.

Annual revenues at UK collection society PRS For Music topped $1.1bn in 2022

PRS welcomed almost 7,000 new writer, composer and publisher members in 2022

Canadian singer-songwriter Corey Hart sells publishing catalog to peermusic

He has sold over 16 million records worldwide