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BMI Sets Revenue Records With $1.199 Billion
September 12, 2018 at 6:42 AM (PT)
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BMI has broken revenue records, generating $1.199 billion for the fiscal year ending SATURDAY, JUNE 30th. 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.
“Thanks to the incredible creativity of our songwriters, composers, and publishers, BMI was once again able to generate record revenue and distributions on their behalf," said BMI Pres./CEO MIKE O’NEILL. "While we are proud of achieving these results, we will always strive to do better. 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.”