BMI Officially Completes $100 Million Affiliate Payout Following Sale, Targets ‘A Bright New Future With New Mountain Capital’

Broadcast Music, Inc. (BMI) says it’s completed the previously announced $100 million payout to member songwriters, composers, and publishers. The for-profit performance rights organization (PRO) just recently unveiled the $100 million payout’s completion, which we highlighted on Wednesday. For background, November of 2023 saw the ASCAP rival BMI confirm its long-rumored sale. Simultaneously, the New […]

Written by Digital Music News