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ASCAP Warns Members of Immediate 'Disruption' in Collections and Payments Due to Coronavirus

10.07.2020 - 02:55

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ASCAP has delayed payments scheduled for April 6 until April 28 in a move to ensure quarterly writer payouts are fully funded.

The delay was due to late payments from licensees, according to an April 3 email from ASCAP president and chairman Paul Williams; and ASCAP CEO Elizabeth Matthews who sent out a follow-up note to members on April 5."As COVID-19 has continued to escalate and more and more of our licensee businesses have shut down, we have had to carefully review our cash forecasts and plan for more disruption to our revenue collections and member distributions," Williams' email stated.

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