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 Chief Financial Officer, Chief Operating Officer and in 1997, he was named Chief Executive Officer of ASCAP, 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.
ASCAP licenses the most-performed repertory globally, with 10 million compositions created by the best-loved songwriters and composer members, including such hit-makers as Beyoncé, Bruce Springsteen, Dr. Luke, Garth Brooks, Stevie Wonder, Katy Perry, Enrique Iglesias, Hans Zimmer, Justin Timberlake, Billy Joel, Drake,Ne-Yo and many more.
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 FastTrack, the Songwriters Hall of Fame and the Latin Songwriters Hall of Fame.