BMI announces shift to for-profit business model

US song rights collecting society BMI has announced plans to shift from operating on a not-for-profit business model to a for-profit business model. Why? Because doing so will “open up new and important opportunities for us to invest in our business and ensure we can continue to deliver on our mission to support our affiliates and grow the value of their music”. Or that’s what CEO Mike O’Neill reckons.

Read More: https://completemusicupdate.com/article/bmi-announces-shift-to-for-profit-business-model/