The Numbers

ASCAP  The American Society of Composers, Authors and Publishers enjoyed 4.44 percent growth to $1.059 billion in 2016, according to the organization, up from the $1.014 billion in revenue it recorded in 2015. (ASCAP reported $1.02 billion in collections in 2014.) – Ed Christman, Billboard Magazine 4/5/2017

BMI  Broadcast Music, Inc., one of the two leading performance rights organizations in the U.S., collected $1.06 billion during the year ended June 30, a 4.64 percent increase over the $1.013 billion collected the prior year. – Ed Christman, Billboard Magazine 9/8/2016

CMRRA The Canadian Musical Reproduction Rights Agency is now owned by SoundExchange. “Last year, SoundExchange paid out $884 million to rights holders, while sources say that CMRRA collected about $45 million.” – Ed Christman, Billboard Magazine, 5/15/2017

HFA  The Harry Fox Agency is a US provider of rights management and collector and distributor of mechanical license fees on behalf of music publishers. HFA is wholly owned by SESAC.

IFPI  The International Federation of the Phonographic Industry states that trade revenue generated by the global recorded music industry climbed by 5.9 percent to $15.7 billion, with digital sales up 17.7 percent across the board. – Richard Smirke, Billboard Magazine 4/25/2017

MRI  Music Reports Inc. reports that it administered over $500 million in royalty payments in 2016 while processing more than 600 billion performances music and video content, encompassing over 250 million licenses. – Ed Christman, Billboard Magazine 3/2/2017

SESAC Formerly known as the Society of European Stage Authors and Composers, SESAC is a privately held PRO owned by Blackstone. The company also owns The Harry Fox Agency and Rumblefish. “Moody’s placed SESAC’s revenue for 2015 at $206 million, its analyst Fraser is quoted in a story on the Blackstone acquisition in the Tennessean as saying that SESAC’s annual revenue, probably 2016, was $248 million.” – Marc Schneider, Billboard Magazine, 1/4/2017

SOUNDEXCHANGE SoundExchange is the independent nonprofit collective management organization that collects and distributes digital performance royalties to featured artists and copyright holders. ” SoundExchange paid out $884 million in royalties to artists and labels in 2016, a 10.1 percent increase over the $803 paid out in 2015.” – Ed Christman, Billboard Magazine, 1/31/

MUSIC INDUSTRY U.S. Music Industry Hits Highest Revenue Mark in a Decade, Fueled by Paid Subscriptions – Ed Christman, Billboard Magazine, 3/22/2018

MUSIC INDUSTRY The U.S. recorded-music business grew again in 2017 — and grew even faster than it did the year prior. Overall, revenues were up 16.5 percent to $8.7 billion, the highest mark since 2008 and the second straight year of double digit revenue growth. – Dan Rys, Billboard Magazine, 3/22/2018

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