No. 29: Elizabeth Matthews & Michael O'Neill | Power 100
MICHAEL O’NEILL, 57
OVER $1 BILLION IN PAYOUTS EACH: Under Matthews, ASCAP, for the first time, distributed over $1 billion to members after collecting $1.1 billion in 2018, a year-over-year improvement of 10 percent. BMI, meanwhile, had its own record year, distributing almost $1.2 billion to its members in the fiscal year that ended June 2018 -- a $95 million uptick in payouts, says O'Neill, citing "the lowest overhead in our company's history," with nearly 90 cents on the dollar going to members including Taylor Swift and Ed Sheeran. Both performing rights organizations also helped shape the Music Modernization Act and pushed for its passage.
MUSIC TREND SHE'D LIKE TO SEE RETIRED: (Matthews) "The Floss."