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Preface |
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lects is divided each three months among the members. The only deductions made are for the necessary cost of operations—maintenance of a sales force, salaries, legal expenses, and the like.
The Society itself owns nothing. It has no money or property of its own. All its assets are the property of its members.
Revenues remaining after deduction of costs of operation are divided half to composer-author members and half to publisher members. Composer-author members themselves decide how their share shall be divided; publisher members do the same for their half.
Although the aims and functions of the American Society of Composers, Authors and Publishers are well-known in the musical world, the general public does not always clearly realize that ASCAP is merely a voluntary, nonprofit association of composers and authors and their publishers.
ASCAP is not a corporation. The Society does not publish anything, nor does it have any means of recommending music for publication. It does not buy or sell music, records, transcriptions, or any other physical property.
ASCAP is not a labor union. It has no connection with the American Federation of Musicians, the American Guild of Musical Artists, or the Screen Composers' Association.
ASCAP is not a trade association. It is distinct from such groups as the Songwriters Protective Association and the Music Publishers Protective Association.
Throughout more than a generation of existence, ASCAP has made a significant contribution to American music by furnishing incentives to composers and authors, and by bringing to ever widening audiences fuller appreciation of our rich musical heritage. |
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