Fairness Rocks News BMI Hires Goldman Sachs to Explore New Ways to Make Boatloads of Money on Songs


Fairness Rocks News BMI Hires Goldman Sachs to Explore New Ways to Make Boatloads of Money on Songs

Home Industry News BMI Hires Goldman Sachs to Explore New Ways to Make Boatloads of Money on Songs

Author: Ashley King

Date: March 6, 2022

Original Source: Digital Music News

Industry News

BMI Hires Goldman Sachs to Explore New Ways to Make Boatloads of Money on Songs

BMI has hired Goldman Sachs to consult on potential growth opportunities for its business as one of the US’s largest performance rights organizations (PRO).

In a letter obtained by Variety, BMI President & CEO Mike O’Neill outlines why the organization is making the move. The objective is “growth for our songwriters, composers and publishers,” ostensibly beyond the traditional PRO sector – effectively publishing royalties from music played anywhere in public. That sector grew to record setting levels in the 2021 fiscal year, with BMI among the beneficiaries.

Read More: https://www.digitalmusicnews.com/2022/03/06/bmi-hires-goldman-sachs-2022/?utm_source=Daily+Snapshot&utm_campaign=8c39cadbc9-Daily_Snapshot_March_7_2022&utm_medium=email&utm_term=0_2fb43ebd24-8c39cadbc9-21364965&mc_cid=8c39cadbc9&mc_eid=bc3b3ee17f