• For 2003, ASCAP’s revenues reached an all-time high of $668 million – a 5.2 per cent increase over the prior year, and the best ever in ASCAP’s history.
• The Society also reported an all-time low operating expense ratio of 13.9%, one of the lowest operating ratios in the world for a performing right society, and the lowest by far in the U.S.
• The increase in revenues is attributed to development of new cutting-edge technology such as Mediaguide, ASCAP’s continued focus on cost reduction and its commitment to negotiating the best licensing deals for members.
• Over the past three years, ASCAP has distributed over $1.6 billion.
• Detailed information will be made available, along with audited results, in ASCAP’s 2003 Annual Report to be released in the next issue of Playback.

HEADLINES


ASCAP Celebrates 41st Annual Country Music Awards

2003 ASCAP/PRS Awards Presented in London

Annual ASCAP Deems Taylor Award Winners Announced

The Heineken Music Initiative/The ASCAP Foundation R&B Grant Program

Take Advantage of Your Member Benefits!

MASTHEAD

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