At its annual meeting for members, ASCAP officials reiterated the message it delivered earlier in the day when it announced its record breaking 2023 financial results, reminding members that it was an organization run by the members for its members just like any true democracy. While its chief rival BMI was barely mentioned by name, the performance rights organization’s executives repeatedly reminded members that unlike the other PRO operating under a consent decree, which last year switched to for-profit status and was sold to a private equity firm, ASCAP as a membership organization doesn’t have owners. Further, it pays out......
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