BMI Just Had Their Best Year Ever

BMI reported revenue of $1.06 billion for its fiscal year ending June 30, the highest it has posted in the company’s history. It also distributed $931 million to its songwriters, composers, and publishers, another record high on the back of a 6% on-year increase. Digital revenue increased 50% to $152 million for the year. BMI inked several deals in that space with businesses including Pandora, Apple Music, Microsoft, Sony’s PlayStation Video, and Slacker.