Jem Aswad Senior Music EditorBMI has grown its revenue and distributions to record-setting levels in a fiscal year filled with unprecedented challenges due to the Covid-19 pandemic.
The company announced it has distributed and administered a record $1.335 billion to its songwriters, composers and publishers — its highest distribution ever, up $102 million or 8% over last year — according to the announcement.In addition, BMI’s total domestic licensing revenue exceeded $1 billion for the first time, driven by phenomenal growth in the digital sector.
The company also continued to set revenue records, bringing in $1.409 billion, a 7% increase over last year. (Due to new ASC 606 accounting guidance, recently adopted by BMI, it will report.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.