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...
Amazon To Launch MP3 Downloads This Month?
There’s a lot of rumors swirling that Amazon is set to launch its download music store component this month. The new service will sell DRM-Free, yet watermarked, MP3 files along side of its standard CDs. The online store has been anticipated for months since original details emerged on their download initiative in the beginning of the year. The non-protected format eliminates Warner Music Group and Sony/BMG from the action and...
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