NEW YORK – September 8, 2016 – bmi (Broadcast Music, Inc.), the global leader in music rights management, today announced the highest revenues in its 76-year history, achieving $1.060 billion for its fiscal year ended June 30. The company also distributed and administered a record-breaking $931 million to its songwriters, composers and publi
bmi operates on a non-profit-making basis and returns approximately 88% of all revenue to the musical creators and copyright owners it represents.
“We are beyond pleased with this milestone,” said Mike O’Neill, President and CEO, bmi. “The ability to provide our songwriters, composers and publi
BMI’s total domestic revenue performance of $784 million was bolstered by record-breaking results in its digital and general licensing categories. Digital revenue, which exceeded $100 million for the first time last year, hit a new high of $152 million, up 50%. Numerous new agreements were signed throughout the year, notably a multi-year license with Pandora, as well as deals with Spotify, Apple Music, Microsoft, Sony’s PlayStation Video and Slacker, among others.
