BMI Sets Revenue Records With $1.283 Billion

Record Revs

BROADCAST MUSIC, INC. ended its fiscal year on JUNE 30th, once again breaking revenue records with $1.283 billion, up 7% over the previous year. BMI also distributed and administered $1.196 billion to its songwriters, composers and publishers, its highest distributions ever, and a 7% or $78 million increase over last year. These results mark the most reported public performance revenues and highest royalty distributions of any music rights organization in the world. 

In making the announcement, BMI Pres./CEO MIKE O’NEILL said, “BMI values the trust our affiliates place in us, and we are gratified to once again generate record revenues on their behalf. Our achievements are a direct result of the unrivaled creativity of the songwriters and composers we represent and the worldwide popularity of their music. We always strive to do better, and we will continue to work hard to champion the rights of our creators and protect the value of their copyrights.”

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