ASCAP’s revenue increased by only $8 million in 2021 and failed to match BMI’s annual revenue

US Music Licensing Society ASCAP earned $1.335 billion in calendar year 2021, up just $8 million (+0.6%) from revenue the previous year.

This annual increase in collections was ASCAP’s smallest in monetary terms since 2013.

The reason for this subdued year-on-year growth? Covid-19 lockdowns are severely impacting PRO international income in certain key areas.

ASCAP’s domestic (US) collections increased 42 million dollars year after year, at $1.011 billion.

However, when it came to collecting royalties outside the US in 2021 — as paid through by foreign corporations — it was a different story altogether.

ASCAP’s international earnings were included $323.5 million down in 2021 $34.5 million on the corresponding number reported by the PRO for 2020 ($358 million).

registered mail ASCAP annual reportthe CEO of PRO, Elizabeth Matthewattributed this year-over-year performance royalty decline primarily to “store closures and lack of immunizations” in certain non-US areas.

As a result of these difficulties, ASCAP’s entire worldwide collections are in the 2021 calendar ($1.335 billion) failed to match the most recently reported annual earnings of its closest competitor, BMI.

BMI is new confirmed annual collections figure stood $1.361 billion in the 12 months ended June 2021, although this number was reduced by the BMI’s decision to switch to ASC 606 reporting.

(Had BMI continued to report as in previous years, its collection number would have been for FY 2021 $1.409 billion; see below.)

ASCAP’s $8 million increase in total collections in 2021 was almost seven times lower than the year-over-year increase the organization saw in both 2020 (+$53 million) and 2019 (also +$53 million). .

Infographic BMI earnings

ASCAP had better news for its author and publisher clients when it came to its payouts (“Payouts”) throughout 2021.

According to ASCAP’s most recent annual report, a total of $1.254 billion 2021 onwards $41 million YoY.

This represented a jump in the amount of annual growth ASCAP customers were seeing in the money they were being paid out: ASCAP recorded year-over-year payout growth of $29 million in 2020.

(It’s no doubt obvious to MBW readers, but just in case: the reason that year-over-year growth in ASCAP collection may have slowed in 2021 while annual payout growth has accelerated is because of the lag between the money raised by the organization – and its international affiliates – and the date that money ends up in the bank accounts of songwriters and publishers.)

BMI’s payout number for fiscal 2021 was bigger again – at $1.335 billion – as ASCAPs in the 2021 calendar ($1.254 billion).

According to Elizabeth Matthews, ASCAP’s domestic (US) payouts in 2021 were $912.6 million — a $22 million increase from the previous year.

The organization’s distributions to members from international collections were $341 million in 2021, up $19 million from the previous year.

In his annual reportASCAP confirmed that total membership of publishers, songwriters and composers was “more than 850,000” at the end of 2021.

With that total annual payout of $1.254 billion per year, that means the average average payout to an ASCAP member for the 12 months of 2021 was about $1,475, or about $123 per month.

(Obviously, it goes without saying that a minority of ASCAP members, including hit songwriters and major music publishers, would have earned far, far more than that average yearly figure.)

“The ASCAP team is dedicated to building a brighter musical future for our members as songwriters, composers and music publishers.”

Elizabeth Matthews, ASCAP

ASCAP ended 2020 with around 800,000 customerswhich means that in 2021 about 50,000 of them were added.

BMI reported that in FY2021 (through the end of June last year, recall) its affiliate membership grew 11% to 1.2 million, with nearly 120,000 new songwriters, composers and publishers joining its organization.

Addressing songwriters in the latest ASCAP Annual Report, said Elizabeth Matthews, “The ASCAP team is dedicated to building a brighter musical future for our songwriters, composers and music publishers. I am so grateful for the incredible work the team has done around the clock in 2021 to achieve this goal.

“I promise you that we will continue to take whatever steps are necessary to ensure you continue to create the best music in the world.”music business worldwide ASCAP’s revenue increased by only $8 million in 2021 and failed to match BMI’s annual revenue

Fry Electronics Team

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