Thompson LLP转发了
U.S. performance rights organization (PRO) ASCAP?reported significant increases in its revenue and royalty payout numbers for 2024 last week. With over a million members, the not-for-profit organization is the only PRO operating in the U.S. that isn't owned by private equity?and claims to have the?lowest overall cost allocation overhead rate in the US at?10%.? ? Despite the all-time highs for 2024, the music industry continues to be plagued by complex, opaque royalty systems, leaving independent artists and songwriters struggling to collect what they’re rightfully owed.?? ? Why does this matter? Because intellectual property is currency — whether it’s a patent, a trademark, or a song. Just as businesses need legal protections for their innovations, songwriters deserve the infrastructure to secure their financial future.? ? https://lnkd.in/efwEJnwE?? ? #IntellectualProperty #MusicRoyalties #CreativeEconomy #FairCompensation