BMI Revenues Up 7% This Year

Unlike the major labels, BMI, one the largest performing right organizations, has noted a 7% uptick from the previous year in revenues of more than $839 million. BMI will pay out more than $732 million in royalties to the songwriters, composers and publishers it represents, an 8% increase in distributions from the prior year. BMI attributes the increase in revenues to the nature of its music catalog, its licensing across a range of...

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