from #ASCAP President Paul Williams:

With news of the recent pending sale of #BMI to the private equity firm, #NewMountainCapital, ASCAP is now the only PRO in the US that operates on a not-for-profit basis. That is a key differentiator among PROs! It means that the money we collect – minus our historically low overhead of 10% – goes back only to you, not outside investors, private equity or corporate broadcasters. Our members are the sole beneficiaries of our growth.

#musicians