ASCAP
Page: 2
Singer-songwriters Kenya Grace and Cian Ducrot will be honored at ASCAP London Celebrates, an invitation-only celebration of top U.K.-affiliated songwriters and composers taking place in London on June 18. Grace, a British singer-songwriter and producer, who was born in South Africa, will receive the ASCAP Global Impact Award. Grace is best known for her 2023 […]
ASCAP will honor Usher and Victoria Monét at a party in Los Angeles on Thursday, June 27 where they celebrate their top rhythm and soul music songwriters and publishers. Usher will receive the ASCAP Voice of the Culture Award; Monét, the ASCAP Vanguard Award.
Explore
See latest videos, charts and news
See latest videos, charts and news
The Voice of the Culture Award is presented to ASCAP members who have had a major influence on music and culture. The honor recognizes their success both as creators and changemakers. Timbaland, Swizz Beatz and D-Nice were the latest artists to receive the award in 2021.
The Vanguard Award is presented in recognition of ASCAP members whose innovative work is helping to shape the future of music. Migos, Janelle Monáe and Beastie Boys are past recipients of the award.
Trending on Billboard
“Usher has owned the R&B crown for decades, captivating listeners with his incomparable vocal chops and songs that span the R&B and pop genres,” Paul Williams, ASCAP chairman of the board and president, said in a statement. “His charisma and performances are unmatched in the R&B world and his humanitarian impact is just as undeniable.”
“Victoria Monét has proven herself not only as an illuminating songwriter, but also as a flourishing artist and ASCAP member who continues to break barriers,” continued Williams. “Her resilience, talent, and exemplary work ethic have helped her become a multi-award-winning singer and songwriter.”
Usher, who is celebrating 30 years as an entertainer, is an eight-time Grammy winner, including two wins for best contemporary R&B album. He has amassed nine No. 1 hits on the Billboard Hot 100 and four No. 1 albums on the Billboard 200. On Feb. 11, he headlined the Super Bowl halftime show, which became the most-watched in history. Two days before that high-profile gig, Usher released his ninth studio album, Coming Home, which entered the Billboard 200 at No. 2. “Good Good,” his hit collab with Summer Walker and 21 Savage, made the top 25 on the Hot 100 and was a fixture on the chart for more than six months.
Monét received seven 2024 Grammy nominations, a total topped only by SZA, with nine. She won three Grammys on Feb. 4 – best new artist, best R&B album for Jaguar II and best engineered album, non-classical, for that same album. “On My Mama,” a Grammy nominee for record of the year, made the top 40 on the Hot 100. On March 6, Monét received the Rising Star Award at the Billboard Women in Music Awards.
Both artists were major winners at the NAACP Image Awards on March 16. Monét won outstanding album and outstanding new artist. Usher took outstanding male artist. Both artists are also top nominees at the upcoming BET Awards, will air live from Los Angeles on June 30. Monét has five nods; Usher has four. In addition, Usher will receive a lifetime achievement award on the BET Awards, it was announced on Thursday (May 30).
Jon Batiste, Daniel Pemberton and Siddhartha Khosla are among the winners of the 2024 ASCAP Composers’ Choice Awards. The kudos were presented as part of the 2024 ASCAP Screen Music Awards at an invitation-only event in Los Angeles on Thursday (May 9).
Here are this year’s recipients of the ASCAP Composers’ Choice Awards, which are chosen by the ASCAP composer and songwriter community:
Explore
See latest videos, charts and news
See latest videos, charts and news
Film score of the year: Daniel Pemberton, Spider-Man: Across the Spider-Verse
Trending on Billboard
Television score of the year: David Fleming, The Last of Us
Television theme of the year: Siddhartha Khosla, Only Murders in the Building
Documentary score of the year: Jon Batiste, American Symphony
Video game score of the year: Gordy Haab, Star Wars Jedi: Survivor
Spider-Man: Across the Spider-Verse and American Symphony were both shortlisted for Oscars for best original score, though neither wound up with a nomination. Batiste was Oscar-nominated for co-writing a song from American Symphony – “It Never Went Away,” which he co-wrote with Dan Wilson.
Khosla received two Primetime Emmy nods in 2022 for his work on Only Murders in the Building – outstanding music composition for a series (original dramatic score) and outstanding original main title theme music – but none this past year. Fleming has yet to be nominated for a Primetime Emmy.
In addition, the ASCAP Screen Music Awards recognize top composers of the past year’s hit streaming series and films. The top-rated streaming series winners include Robert Duncan for The Night Agent, Natalie Holt for Loki, Bear McCreary for the streaming remake of book series Percy Jackson and the Olympians and Jimmy Jam & Terry Lewis for the dramedy Unprisoned.
Among the top-rated streaming films winners, Germaine Franco is honored for her score for action-thriller The Mother, Marcus Miller for the holiday comedy Candy Cane Lane, and Lorne Balfe for both historical thriller Tetris and action-romance Ghosted.
In other categories, Pemberton takes home top box office film of the year for his score to the blockbuster animated film Spider-Man: Across the Spider-Verse, and David Vanacore is named the top most performed themes and underscore winner for his work on such shows as Survivor, The Kardashians and The Daily Show.
Composers Matthew Hawkins, the late Maurice “m.0.” Jackson and the late Neil Martin (collectively known as Numeriklab) win top network television series for their main theme for NCIS, while John Sereda is recognized with top cable television series for the historical drama When Calls the Heart.
The complete list of winners is available on the ASCAP website: www.ascap.com/screenawards24.
Olivia Rodrigo and co-writer Daniel Nigro are the 2024 ASCAP Pop Music Songwriters of the Year. It is the second award in the top category for Rodrigo, who first received the honor in 2022.
Chappell Roan, who has a fast-climbing hit with “Good Luck, Babe!,” which she co-wrote with Nigro and Justin Tranter, was scheduled to present Nigro with his award on Wednesday (May 8) at an invitation-only event in Los Angeles celebrating this year’s ASCAP Pop Music Award winners.
Rodrigo and Nigro have shared two Grammy nods for song of the year (for “Driver’s License” and “Vampire”) and one for best rock song (for “Ballad of a Homeschooled Girl”). In less than three and a half years, Rodrigo has amassed 17 top 20 hits on the Billboard Hot 100, including three songs – “Driver’s License,” “Good 4 U” and “Vampire” – that entered the chart at No. 1.
Trending on Billboard
“Calm Down,” performed by Rema and featuring Selena Gomez, wins ASCAP Pop Song of the Year. Co-written by Rema, Gomez, Michael “LONDON” Hunter, Amanda “Kiddo AI” Ibanez and Andre Vibez, the song reached No. 3 on the Hot 100 and rode the chart for 57 weeks. “Calm Down” is published by Hook Like Behavior, Kobalt Music Publishing, Livelihood Music Company, SMG Tunes, Sony Music Publishing, Universal Music Publishing Group and Warner Chappell Music.
Publisher of the Year goes to Universal Music Publishing Group for songs including “Calm Down,” “Cuff It” (Beyoncé), “Dance the Night” (Dua Lipa), “Barbie World” (Nicki Minaj & Ice Spice with Aqua), “Lavender Haze” (Taylor Swift), “Paint the Town Red” (Doja Cat), “Star Walkin’ (League of Legends Worlds Anthem)” (Lil Nas X) and “Sure Thing” (Miguel).
Other 2024 ASCAP Pop Music Award-winning songwriters include Mariah Carey and Walter Afanasieff (their holiday evergreen “All I Want for Christmas Is You”), Noah Kahan (“Dial Drunk”), St. Vincent (“Cruel Summer”), Meghan Trainor (“Made You Look”) and Leon Thomas (“Snooze”).
As previously announced, Charli XCX received the ASCAP Global Impact Award. Charli is gearing up for the release of her sixth solo album, BRAT on June 7 and a North American tour with Troye Sivan, who was set to present her with the award.
The ASCAP Pop Music Awards honor the songwriters and publishers of ASCAP’s most-performed pop songs of 2023. The winners are determined by data on terrestrial and satellite radio and for programmed and on-demand audio streams, all provided by Luminate Data LLC.
More information on the 2024 ASCAP Pop Music Award winners is available here.
ASCAP collections grew 14.1% to $1.737 billion in 2023 and payouts to songwriters and publishers increased 14.7% to $1.592 billion, the performance rights organization reported Wednesday (Feb. 28). Those figures represent a record year for ASCAP in both revenue buckets, as well as all-time highs for any U.S. performance rights organization ever, ASCAP claimed.
The last time BMI revealed its annual financials — for the year ended June 30, 2022 — the PRO reported collections of $1.573 billion and pay outs of $1.471 billion. BMI did not disclose any full-year financial information in its most recent annual report for its fiscal year ended June 30, 2023, and is not likely to disclose any financial information going forward, since it’s now owned by institutional investor New Mountain Capital and will be operating on a for-profit basis. ASCAP now stands as the only U.S. PRO operating on a not-for-profit basis.
ASCAP’s collections break down to $1.327 billion domestically (up 12.7% from the year prior), and $410 million internationally (up 19.2%). For distributions, ASCAP paid out $1.217 billion domestically (up 16.1%), and $375 million internationally (up 10.3%).
Trending on Billboard
“ASCAP’s mission and not-for-profit business model are more important now than ever before, as artificial intelligence transforms the music landscape, and the need for legislative advocacy to protect creators in DC has never been more important,” ASCAP chairman and president Paul Williams said in a statement. “ASCAP will always be a champion for the humans who create music and demand transparency and fair payment from those who exploit our work. ASCAP makes it possible for our songwriter and composer members to write the next song, to earn a living and to support their families. No one else in the industry has the backs of songwriters like ASCAP.”
In announcing its financial results, the organization pointed out that unlike its competitors, ASCAP has no debt, no shareholders, no private owners and no private equity investors. In other words, ASCAP’s music creator and publisher members are the sole beneficiaries of ASCAP’s financial success.
Moreover, it noted that a democratically elected Board of Directors composed of music publishers and music creators sets the royalty distribution rules and cost allocations based on follow-the-dollar principles. It is the only U.S. PRO that makes those distribution rules publicly available on its website providing transparency to its membership.
“We are delivering industry-leading technical innovation, legislative advocacy and revenue growth that solely benefits our members, not outside investors or shareholders,” ASCAP CEO Elizabeth Matthews said in a statement. “As we like to say, private equity never wrote an iconic love song which is why we fight purely for songwriters, composers and publishers, not for those who use creators and their works of art for their own profits or to secure their own debt. ASCAP differs from others because our mission and purpose is clear and unique.”
In looking at new technology, the PRO reported that in 2023 its board of directors adopted six principles to guide its response to the technology and later submitted them on behalf of members to a U.S. Copyright Office study on generative artificial intelligence. And it reported it had held some AI symposiums for members.
During the year, ASCAP membership grew by 66,000 new members bringing total membership to 960,000 members. Some of those new members included PinkPantheress, Jack Antonoff, Tyla, and Jared Leto and Shannon Leto of 30 Seconds to Mars, as well as art-pop singer-songwriter Caroline Polachek, alt-rocker d4vd, jazz vocalist Samara Joy, country genre bender Jessie Murph, dark balladeer Chappell Roan, post-punker ThxSoMuch and writer-producer Alexander 23, among others
Moreover, the organization says its song catalog now includes 19 million copyrights that consists of music from the likes of Beyoncé, Billy Joel, Cardi B, Dua Lipa, Garth Brooks, Jay-Z, Katy Perry, Lil Baby, Lin-Manuel Miranda, Mariah Carey, Olivia Rodrigo, Paul McCartney, Stevie Wonder and Usher, among others.
Getting back to the financial numbers, ASCAP notes that since the launch of its strategic growth plan in 2015, its compound annual growth rate (CAGR) for total revenue through 2023 has increased to 7%, and the CAGR for total distributions over the same time period rose to 8%.
Moreover, ASCAP reported that in 2023, audio streaming revenue rose 21%, general licensing revenue rose 23%, radio revenue rose 10% and audio-visual revenue rose 3% as compared to 2022. However, ASCAP didn’t break out the specific revenue numbers like it used to in the years preceding 2015, the last year that ASCAP provided extensive insight into its financials.
As a percentage of revenue, overall ASCAP paid out 91.7% of collections in 2023, which implies expenses accounting for 8.3% of revenue. Yet, ASCAP executives also say the organization’s pays out nearly 90% of collections, which means overhead amounts to a little bit more than 10% of revenue.
In any event, ASCAP claims its 90 cents payouts on every dollar of collections yield “the highest value exchange applied to the lowest overhead rate provided to creators and publishers of any U.S. PRO.”
For years, ASCAP and BMI were seen as the Coke and Pepsi of the performing rights management business — two giant entities with complicated formulas that seemed the same from a distance but quite different if you examined them closer. The November agreement to sell BMI to a group of investors led by New Mountain Capital, which was completed Feb. 8., has changed that — and the songwriters for whom they compete have already seen it in the marketing. BMI is making the case that a for-profit model will let it invest more aggressively in technology, among other things, while ASCAP pointed out on social media that “private equity never wrote an iconic love song.” The Pepsi Challenge seems quaint by comparison.
There were always differences between the two — ASCAP is governed by members, BMI was owned by its licensees; ASCAP charged a onetime $50 fee to join, while BMI was free, though that changed and now ASCAP is free to join and BMI charges $75. And although it’s hard to know for certain, this could end up being more of an evolution than a revolution: Nonprofits invest in technology and operations all the time, although it can be tricky, and the music business wasn’t exactly unsullied by greed before the days of private equity.
BMI and ASCAP collect and distribute more money than any other rights organizations in the world, though. So any changes in the way BMI operates — let alone whatever changes ASCAP makes in response — will reverberate through the entire competitive ecosystem to their less regulated U.S. rivals SESAC and GMR (which invite only the songwriters they want to join); to performing rights societies around the world; and ultimately to everyone who writes, owns or publishes songs.
New Mountain Capital wants a return on its investment, so BMI will need to make a profit — plus grow. Some of this will presumably come from higher-margin new businesses, including international venture — think cooperations or partnerships with societies in India, Africa or the Middle East. (BMI and ASCAP are subject to consent decrees that limit what other businesses they could get into in the U.S.) There’s already some competition in some of those places from European organizations, though.
Presumably, some of the profit is going to have to come from BMI’s traditional U.S. performing rights operations — and that won’t be easy, according to about a dozen rights organization and music publishing executives I spoke with for this column. (None has any inside knowledge about BMI’s plans.) Essentially, BMI will need to hold back enough of the money it collects to both cover its operating costs and make a profit on top of that, while paying its songwriters and publishers more than they can get from its rivals.
BMI has said a bit about how it plans to do that. In an Oct. 12 letter to “BMI affiliates and industry partners,” CEO Mike O’Neil said that for the next three years, BMI’s goal would be to retain 15% of its licensing revenue, as opposed to “around 10%,” although it would take a higher margin on “incremental growth we create for the company,” including acquisitions and new services. To make sure that additional 5% doesn’t come at the expense of songwriter and publisher royalties, BMI will need to negotiate deals that are significantly better than ASCAP’s on a consistent basis.
The only way to do that is to have the most in-demand repertoire from top songwriters like Taylor Swift, probably BMI’s biggest songwriter— and getting and retaining it may require offering better terms to top writers. That would almost presumably involve attractive advances (which all four U.S. performing rights organizations sometimes offer) and some form of bonus structure for top performers (which ASCAP and BMI offer, although their methodology differs). BMI said that advances have always been part of its strategy and it has no plans to change its general approach to this or its bonus structure, or its distribution policies. But what if BMI’s rivals also offer higher advances and better bonuses? If getting the best deal terms means having the best repertoire, they have every reason to do so.
The question is how those writers will be rewarded for the leverage they provide, and if Swift’s popularity helps her fellow songwriters, it’s only fair that she should benefit. But this can also create a temptation to pay out even more to the most successful writers — to give a bit more to Peter and a bit less to Paul and Mary. It’s good for everyone — until at some point it starts to feel unfair. And everyone who writes songs or manages those who do is either deeply concerned about this issue or simply eager to make sure they end up on the right side of it. Competition is all well and good, and it will be interesting to see which creators look for better deals and which stick with their current rights organization. (It can be harder than it should be to switch in some cases, which will be the subject of another column.) Ultimately, though, all these creators may find themselves fighting for bigger slices of the same pie.
The American Society of Composers, Authors and Publishers (ASCAP) argued that AI companies need to license material from copyright owners to train their models and that “a new federal right of publicity… is necessary to address the unprecedented scale on which AI tools facilitate the improper use of a creator’s image, likeness, and voice” in a document filed to the Copyright Office on Wednesday (Dec. 6).
The Copyright Office announced that it was studying “the copyright issues raised by generative artificial intelligence” in August and solicited written comments from relevant players in the space. Initial written comments had to be submitted by October 30, while reply comments — which give organizations like ASCAP the chance to push back against assertions made by AI companies like Anthropic and Open AI — were due December 6.
Generative AI models require training: They ingest large amounts of data to identify patterns. “AI training is a computational process of deconstructing existing works for the purpose of modeling mathematically how [they] work,” Google wrote in its reply comments for the Copyright Office. “By taking existing works apart, the algorithm develops a capacity to infer how new ones should be put together” — hence the “generative” part of this.
ASCAP represents songwriters, composers, and music publishers, and its chief concern is that AI companies will be allowed to train models on its members’ works without coming to some sort of licensing arrangement ahead of time. “Numerous comments from AI industry members raise doubts about the technical or economic feasibility of licensing as a model for the authorized use of protected content,” ASCAP writes. “But armchair speculations about the efficiency of licensing do not justify a rampant disregard for creators’ rights.”
ASCAP adds that “numerous large-scale AI tools have already been developed exclusively on the basis of fully licensed or otherwise legally obtained materials” — pointing to Boomy, Stable Audio, Generative AI by Getty Images, and Adobe Firefly — “demonstrating that the development of generative AI technologies need not come at the expense of creators’ rights.”
ASCAP also calls for the implementation of a new federal right-of-publicity law, worried that voice-cloning technology, for example, can threaten artists’ livelihood. “Generative AI technology introduces unprecedented possibilities for the unauthorized use of a creator’s image, likeness, and voice,” ASCAP argues. “The existing patchwork of state laws were not written with this technology in view, and do not adequately protect creators.”
“Without allowing the artists and creators to control their voice and likeness,” ASCAP continues, “this technology will create both consumer confusion and serious financial harm to the original music creators.”
When Dierks Bentley’s band is looking for something to keep it occupied during long bus rides, the group has, at times, turned to artificial intelligence apps, asking them to create album reviews or cover art for the group’s alter ego, The Hot Country Knights.
“So far,” guitarist Charlie Worsham says, “AI does not completely understand The Hot Country Knights.”
By the same token, Music Row doesn’t completely understand AI, but the developing technology is here, inspiring tech heads and early adaptors to experiment with it, using it to get a feel, for example, for how Bentley’s voice might fit a new song or to kick-start a verse that has the writer stumped. But it has also inspired a palpable amount of fear among artists anticipating their voices will be misused and among musicians who feel they’ll be completely replaced.
“As a songwriter, I see the benefit that you don’t have to shell out a ton of money for a demo singer,” one attendee said during the Q&A section of an ASCAP panel about AI on Nov. 7. “But also, as a demo singer, I’m like, ‘Oh, shit, I’m out of a job.’”
That particular panel, moderated by songwriter-producer Chris DeStefano (“At the End of a Bar,” “That’s My Kind of Night”), was one of three AI presentations that ASCAP hosted at Nashville’s Twelve Thirty Club the morning after the ASCAP Country Music Awards, hoping to educate Music City about the burgeoning technology. The event addressed the creative possibilities ahead, the evolving legal discussion around AI and the ethical questions that it raises. (ASCAP has endorsed six principles for AI frameworks here).
The best-known examples of AI’s entry into music have revolved around the use of public figures’ voices in novel ways. Hip-hop artist Drake, in one prominent instance, had his voice re-created in a cover of “Bubbly,” originated by Colbie Caillat, who released her first country album, Along the Way, on Sept. 22.
“Definitely bizarre,” Caillat said during CMA Week activities. “I don’t think it’s good. I think it makes it all too easy.”
But ASCAP panelists outlined numerous ways AI can be employed for positive uses without misappropriating someone’s voice. DeStefano uses AI program Isotope, which learned his mixing tendencies, to elevate his tracks to “another level.” Independent hip-hop artist Curtiss King has used AI to handle tasks outside of his wheelhouse that he can’t afford to outsource, such as graphic design or developing video ideas for social media. Singer-songwriter Anna Vaus instructed AI to create a 30-day social media campaign for her song “Halloween on Christmas Eve” and has used it to adjust her bio or press releases — “stuff,” she says, “that is not what sets my soul on fire.” It allows her more time, she said, for “sitting in my room and sharing my human experiences.”
All of this forward motion is happening faster in some other genres than it is in country, and the abuses — the unauthorized use of Drake’s voice or Tom Cruise’s image — have entertainment lawyers and the Copyright Office playing catch-up. Those examples test the application of the fair use doctrine in copyright law, which allows creators to play with existing copyrights. But as Sheppard Mullin partner Dan Schnapp pointed out during the ASCAP legal panel, fair use requires the new piece to be a transformative product that does not damage the market for the original work. When Drake’s voice is being applied without his consent to a song he has never recorded and he is not receiving a royalty, that arguably affects his marketability.
The Copyright Office has declined to offer copyright protection for AI creations, though works that are formed through a combination of human and artificial efforts complicate the rule. U.S. Copyright Office deputy general counsel Emily Chapuis pointed to a comic book composed by a human author who engaged AI for the drawings. Copyright was granted to the text, but not the illustrations.
The legal community is also sorting through rights to privacy and so-called “moral rights,” the originator’s ability to control how a copyright is used.
“You can’t wait for the law to catch up to the tech,” Schnapp said during the legal panel. “It never has and never will. And now, this is the most disruptive technology that’s hit the creative industry, generally, in our lifetime. And it’s growing exponentially.”
Which has some creators uneasy. Carolyn Dawn Johnson asked from the audience if composers should stop using their phones during writing appointments because ads can track typed and spoken activity, thus opening the possibility that AI begins to draw on content that has never been included in copyrighted material. The question was not fully answered.
But elsewhere, Nashville musicians are beginning to use AI in multiple ways. Restless Road has had AI apply harmonies to songwriter demos to see if a song might fit its sound. Elvie Shane, toying with a chatbot, developed an idea that he turned into a song about the meth epidemic, “Appalachian Alchemy.” Chase Matthew’s producer put a version of his voice on a song to convince him to record it. Better Than Ezra’s Kevin Griffin, who co-wrote Sugarland’s “Stuck Like Glue,” has asked AI to suggest second verses on songs he was writing — the verses are usually pedestrian, but he has found “one nugget” that helped finish a piece.
The skeptics have legitimate points, but skeptics also protested electronic instruments, drum machines, CDs, file sharing and programmed tracks. The industry has inevitably adapted to those technologies. And while AI is scary, early adopters seem to think it’s making them more productive and more creative.
“It’s always one step behind,” noted King. “It can make predictions based upon the habits that I’ve had, but there’s so many interactions that I have because I’m a creative and I get creative about where I’m going next … If anything, AI has given me like a kick in the butt to be more creative than I’ve ever been before.”
Songwriter Kevin Kadish (“Whiskey Glasses,” “Soul”) put the negatives of AI into a bigger-picture perspective.
“I’m more worried about it for like people’s safety and all the scams that happen on the phone,” he said on the ASCAP red carpet. “Music is the least of our worries with AI.”
Subscribe to Billboard Country Update, the industry’s must-have source for news, charts, analysis and features. Sign up for free delivery every weekend.
BMI is being sold to a New Mountain Capital-led shareholder group in a deal that is expected to close by the end of the first quarter of 2024, a company spokesperson confirmed with Billboard.
Explore
Explore
See latest videos, charts and news
See latest videos, charts and news
While terms of the deal were not disclosed, the buyer announced that as part of the deal BMI’s current shareholders will allocate $100 million of the sale’s proceeds to songwriters and publishers affiliates “in recognition of [their] creativity.” That planned payout will adhere to BMI’s distribution methodologies.
The deal still needs to be approved by the broadcaster shareholders that have long owned the performance rights organization and will also need regulatory approval.
“Today marks an exciting new chapter for BMI that puts us in the best possible position to stay ahead of the evolving industry and ensure the long-term success of our music creators,” BMI president and CEO Mike O’Neill said in a statement. “New Mountain is an ideal partner because they believe in our mission and understand that the key to success for our company lies in delivering value to our affiliates.”
As part of the agreement, New Mountain is reserving additional capital to fund growth investments and technology enhancement to help BMI’s long-term plan to maximize distributions for its affiliates and improve the service it provides to songwriters and publishers.
“BMI has been a trusted guide and champion of music creators from the beginning, and we are privileged to work with the company and its 1.4 million affiliates to build on that incredible legacy,” New Mountain managing director Pete Masucci said in a statement. “There are numerous growth opportunities ahead for BMI with significant potential to generate more value for the work of its songwriters, composers and publishers. We look forward to working together alongside Mike and his team to capitalize on those opportunities for the benefit of all BMI stakeholders.”
In emphasizing the buyer’s commitment to investment in next generation technology platforms, New Mountain director Mike Oshinsky said in a statement, “There is tremendous opportunity to modernize this critical part of music infrastructure and ensure that long term royalty collections for songwriters, composers and publishers continue to grow. With our support, BMI is ideally positioned to drive this transformation as the only PRO in the world to combine an open-door policy to all music creators with the innovation and commercial drive of a for-profit business.”
Goldman Sachs & Co. LLC served as financial advisor to BMI and Fried, Frank, Harris, Shriver & Jacobson LLP served as its legal advisor. Moelis & Company served as financial advisor to New Mountain, and Simpson Thacher & Bartlett, LLP served as its legal advisor. As part of New Mountain’s investment, CapitalG will also invest a passive minority stake in BMI.
Ashley Gorley was named ASCAP country music songwriter of the year at the 61st ASCAP Country Music Awards. The invitation-only event, which celebrated the songwriters and publishers of country music’s 50 most-performed ASCAP songs of the past year, was held at The Twelve Thirty Club in Nashville on Monday (Nov. 6).
This was the 10th time Gorley has been named ASCAP country music songwriter of the year, which extends his record.
Gorley, 46, had a hand in writing 10 of ASCAP’s most-performed country songs of the past year, five of which were recorded by Morgan Wallen: “You Proof” (which was named ASCAP country song of the year), “Last Night,” “Everything I Love,” “One Thing at a Time” and “Thinkin’ Bout Me.” Gorley’s other award-winners for the year were “Gold” (Dierks Bentley), “She Had Me at Heads Carolina” (Cole Swindell), “What He Didn’t Do” (Carly Pearce), “Girl in Mine” (Parmalee) and “You Didn’t” (Brett Young).
This is the third time that Gorley has co-written the ASCAP country song of the year. He accepted the honor for “You Proof” alongside winning publishers Round Hill Songs and Sony Music Publishing. The song debuted at No. 1 on Billboard’s Hot Country Songs chart, peaked at No. 5 on the Billboard Hot 100 and became the first song to top Billboard’s Country Airplay chart for 10 weeks.
Gorley has received five CMA nominations for song of the year and five Grammy nominations in songwriting categories — though he has yet to win at either awards show. He has received four Grammy nods for best country song and one for best rock song (for co-writing Weezer’s “All My Favorite Songs”).
Jordan Davis, 35, collected his first ASCAP country music songwriter/artist of the year honor. The MCA Nashville artist’s top 10 Hot Country Songs hits “Next Thing You Know” and “What My World Spins Around” were also honored as most-performed songs. “Next Thing You Know” is nominated for single, song and music video of the year at the 57th CMA Awards, which will be presented on Wednesday. Davis won the CMA Award for song of the year last year for “Buy Dirt,” which he co-wrote with his brother, Jacob Davis, Josh Jenkins and Matt Jenkins and recorded with Luke Bryan.
Sony Music Publishing was named ASCAP country music publisher of the year. The company represents 21 of this year’s most-performed songs including “Heart Like a Truck” (Lainey Wilson), “Heartfirst” (Kelsea Ballerini), “Need a Favor” (Jelly Roll), “Next Thing You Know” (Jordan Davis), “What He Didn’t Do” (Carly Pearce), “Gold” (Dierks Bentley), “Everyone She Knows” (Kenny Chesney), “5 Foot 9” (Tyler Hubbard), “No Body” (Blake Shelton) and “You, Me, and Whiskey” (Justin Moore and Priscilla Block).
ASCAP CEO Elizabeth Matthews, ASCAP chairman of the board and president Paul Williams and ASCAP vice president of Nashville membership Mike Sistad presented what ASCAP calls the “Of the Year” winners.
A complete list of ASCAP Country Music Award winners can be found here: ASCAP.com/countryawards23.