Songwriters HOF To Honor John LoFrumento With Visionary Leadership Award
May 7, 2015 at 12:08 PM (PT)
Recently retired ASCAP CEO JOHN LoFRUMENTO will be awarded the VISIONARY LEADERSHIP AWARD at the 46th annual SONGWRITERS HALL OF FAME INDUCTION AND AWARD DINNER, slated for THURSDAY, JUNE 18th at NEW YORK's MARRIOTT MARQUIS HOTEL.
The award acknowledges a member of the SONGWRITERS HALL OF FAME Board of Directors who has made a significant contribution in furthering the ongoing mission of the organization and in elevating the SHOF to a level of prominence and distinction. The award has been presented just twice before, to SHOF Chairman Emeritus HAL DAVID and BMI's DEL BRYANT.
"As a SVP of the SHOF organization, JOHN's remarkable acumen in financial and executive matters, as well as his tremendous foresight, have contributed to his being a vital team member and has enabled SHOF not only to achieve its early goals, but also to continue to expand its ongoing mission," said SHOF Pres./CEO LINDA MORAN. "We are grateful for JOHN’s dedication, passion and compassion for the songwriting community and especially for the SONGWRITERS HALL OF FAME.”
Over the past 17 years, LoFRUMENTO led ASCAP to record-breaking revenues and distribution numbers. In 1981, he began at ASCAP as Controller, and has since served as CFO, COO and in 1997, he was named CEO, leading the organization in its commitment to protecting its members’ musical copyrights of public performance of their music.
As CEO, LoFRUMENTO helped ASCAP develop one of the most sophisticated technology platforms for performance tracking and royalty distributions across all media. At the same time, ASCAP’s membership and distributions grew exponentially from 70,000 members in 1997 with distributions totaling about $417 million, to 520,000 members today, with 2014 distributions that exceeded $883 million. 2014 also marked a milestone in ASCAP revenues, which soared to an all-time high of over one billion dollars. Further, the number of musical performances captured, identified, matched and processed for payment by ASCAP reached 500 billion in 2014.
LoFRUMENTO’s tenure at the helm of ASCAP also includes many “firsts” within the music industry, among them the “I Create Music” EXPO, the first national conference dedicated to songwriters and composers, as well as the creation and growth of MUSICPRO INSURANCE, the first and only affordable insurance agency for music professionals.
LoFRUMENTO represented ASCAP as a member of CISAC’s Board of Directors, and served as Chairman of the CISAC CANADA/USA Committee. He has also served on the Board of Directors of FASTTRICK, the SHOF and the LATIN SONGWRITERS HALL OF FAME.