US PRO BMI signals switch to a for-profit business model
BMI has been having a bumpy time of it in 2022, abandoning plans to explore a sale of the company in August.
October 13, 2022
BMI reveals plans to reduce its workforce by 10%
US performance rights organisation BMI is reducing its headcount by just under 10%, according to a memo obtained by Billboard.
August 23, 2022
BMI says a sale ‘is no longer an avenue we are considering’
US firm Broadcast Music Inc (BMI) had been exploring a sale of the company for somewhere between $1.5bn and $3bn.
August 15, 2022
UMG and PRS for Music respond to Russia invasion of Ukraine
The situation in Ukraine continues to spark responses from companies and organisations in the music industry, with three more announcing their next moves yesterday.
March 9, 2022
BMI reveals $1.34bn of distributions in its fiscal 2021
US collecting society BMI has announced its figures for its last financial year, and despite the Covid-19 pandemic it managed to both collect and distribute record amounts.
September 9, 2021
Publishers and PROs ‘disappointed’ as US consent decrees are unchanged
The US Justice Department has decided to leave the ‘consent decrees’ governing public performances of music unchanged, sparking an unimpressed response from publishers and collecting societies there. This is the legislation...
January 18, 2021
BMI sets new revenue and distribution records despite Covid-19
We’re in a peculiar time right now, where despite the impact of the Covid-19 pandemic on individual musicians’ incomes, we’re also seeing announcements by industry bodies, major music companies and collecting...
September 10, 2020
Today’s positive coronavirus-related industry news (18 May)
Industry body Songwriters of North America (SONA) has launched a new hardship fund for songwriters, which will distribute emergency grants of $1k to creators hit by the Covid-19 pandemic’s economic impact. The new...
May 18, 2020
Today’s positive coronavirus-related industry news (16 April)
There’s more news from the MusiCares Covid-19 Relief Fund in the US, which has now secured contributions from collecting societies ASCAP, BMI and SESAC. The fund is now past the $10m mark on the back of support from all...
April 16, 2020
BMI seeks to reassure songwriters about future royalties payouts
We reported yesterday on US collecting society ASCAP’s announcement that it was delaying its next set of distributions from 6 April to 28 April. That news is already sparking a reaction from some songwriters online, with...
April 8, 2020
BMI and RMLC settle their radio rates dispute in the US
US performing rights organisation BMI has settled its rates dispute with the Radio Music License Committee (RMLC) and signed a deal that will cover radio royalties from 2017 to 2021 – a date span that clearly illustrates...
January 31, 2020
BMI and ASCAP publish thoughts on replacing US consent decrees
We reported earlier this week on moves afoot in the US to modernise / replace the longstanding ‘consent decrees’ governing licensing in the US. Now collecting societies BMI and ASCAP have published an open letter setting...
March 1, 2019