Fairness Rocks News BMI Announces Record Revenue of $1.311 Billion


Fairness Rocks News BMI Announces Record Revenue of $1.311 Billion

Home Industry News BMI Announces Record Revenue of $1.311 Billion

Author: BMI

Date: September 9, 2020

Original Source: BMI

Industry News

BMI Announces Record Revenue of $1.311 Billion

Despite the unprecedented impact of the global COVID-19 pandemic, BMI closed its fiscal year ended June 30 with historic revenue and royalty distributions. The company generated $1.311 billion in revenue, a $28 million increase over the previous year and distributed and administered $1.233 billion to its affiliated songwriters, composers and publishers, 3% or $37 million more than last year. For the fifth consecutive year, these results represent the highest reported public performance revenues and royalty distributions of any music rights organization in the world.

Read More: https://www.bmi.com/news/entry/bmi-announces-record-revenue-of-1.311-billion