BMI has announced record-breaking revenue and royalty distributions for its fiscal year ended June 30.
Total revenues generated hit $1.013 billion, the highest in the company’s history. BMI distributed and administered $877 million to its affiliated songwriters, composers and music publishers, increasing by nearly 4.5% over last year and marking the company’s largest ever distribution.
BMI’s digital revenue exceeded $100 million, the first U.S. PRO to achieve this important milestone. Digital revenue increased 65% over last year, which was the ...
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