BMI reports record revenues of $977m

Tom Pakinkis

BMI achieved the highest revenues and royalty distributions in its 75-year history for its fiscal year ended June 30.

BMI generated record revenues of $977 million, and distributed and administered more than $840 million to its songwriters, composers and music publishers.

The results cap a ten-year period during which BMI has generated more than $8 billion in revenues and distributed royalties of more than $7.5 billion. BMI operates on a non-profit-making basis and returns more than 85% of all revenue ...

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