ASCAP Reports Record Financial Results for 2004

ASCAP's 2004 distributions totalled $610 million — a 14.9% increase over the prior year, and the best ever in ASCAP's history.

For 2004, ASCAP's revenues reached an all-time high of $699 million. Of that amount, international revenues were $206 million, up 14% over the prior year.

ASCAP's operating ratio reached an all-time low 13.5%, one of the lowest operating ratios in the world for a performing right society, and the lowest by far in the U.S.

Strong revenues together with operational efficiency add up to more money in our members' pockets.

Over the past four years, ASCAP has distributed over $2.2 billion to our members.

Detailed information will be made available along with audited results in ASCAP's 2004 Annual Report to be released in a later issue of Playback.