Variety reports: “BMI broke two of its own records in the fiscal year ending June 30, generating $1.199 billion in revenue and distributing $1.118 billion in royalties to its songwriters, composers and publishers, an increase of $95 million, or 9% higher than the previous year. The announcement says ‘These results mark the most public performance and highest royalty distribution of any music rights organization in the world’.”

Read more