BMI has announced record-breaking revenues of $1.283 billion for its fiscal year, ending June 30, marking a 7% increase over the previous year. BMI distributed and administered $1.196 billion to its songwriters, composers and publishers, the company’s highest distributions ever. That number includes domestic and international royalties, as well as royalties from direct deals BMI administers on behalf of its publishers.
Distributions from direct deals grew $9 million during fiscal year 2019, for a total of $62 million, bringing in 5% of BMI’s total distributions. Read more by clicking here: Music Row