BMI reported its highest collections in the year, taking in $944 for the year ended June 30, 2013. That represented a 5% increase over the nearly $899 million collected in the prior year. Moreover, the company paid out royalty distributions of $814 million to its publishers affiliates, songwriters and composers, which represented an 8.5% increase over the $750 million paid out in the prior year. In a statement, BMI noted that the results represented both its largest revenue collection and royalty distribution ever in the company's 74-year history.
(link below)
http://www.billboard.com/biz/articles/5719396/bmi-reports-record-annual-collections-distributions
Tuesday, September 24, 2013
BMI REPORTS RECORD ANNUAL COLLECTIONS IN 74 YEAR HISTORY
BMI reported its highest collections in the year, taking in $944 for the year ended June 30, 2013. That represented a 5% increase over the nearly $899 million collected in the prior year. Moreover, the company paid out royalty distributions of $814 million to its publishers affiliates, songwriters and composers, which represented an 8.5% increase over the $750 million paid out in the prior year. In a statement, BMI noted that the results represented both its largest revenue collection and royalty distribution ever in the company's 74-year history.
(link below)
http://www.billboard.com/biz/articles/5719396/bmi-reports-record-annual-collections-distributions
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