For the second year in a row, performance rights organization ASCAP eclipsed $1 billion in revenue collections for songs played on the radio, in bars or performed live at music venues.
The nonprofit organization brought in $1.014 billion in worldwide revenue in 2015, according to its annual financial numbers made public on Thursday. Of that total, ASCAP distributed $867.4 million to its songwriters and music publishers.
Domestic performance music licensing revenue reached a record $716.8 million, a $61 million increase over 2014. ASCAP's top executives hailed the numbers as good news, but they cautioned that the record revenue numbers should not overshadow the need to update the country's music copyright laws.
The key metric of domestic revenue distribution rose 6.2 percent to $573.5 million.