BMI Breaks Revenue Record

BMI generated $1.199 billion for the fiscal year ending June 30. The company also distributed and administered a record $1.118 billion in royalties to its songwriters, composers and publishers, an increase of $95 million, or 9% higher than the previous year. "While we are proud of achieving these results, we will always strive to do better," says Pres./CEO Mike O'Neill. "BMI will continue to advocate for our affiliates, ensuring that all songwriters and composers can continue to earn a living creating the music that is loved all over the world." More here.