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| UPDATED: 2008-09-05 |
 BMI Collections Up 7.2% To $901 Million 
By: Bruce Houghton 2008-09-05 BMI has collected $901 million in revenues for its 2008 fiscal year which ended June 20th/ This marks the first time a copyright organization has topped $900 million mark for music performance... ...revenues and represents a 7.2% percent increase. BMI will disperse $786 million to the 375,000 songwriters and publishers it represents, an 8% percent increase over the prior fiscal year. Growth came from music in cable, satellite radio and television contributing $208 million or... 23% of the companys revenue. Broadcast radio and tc contributed $340 million, or 38% of revenue. Growth in income from the performance of music in retail and service establishments including restaurants and bars a increased to $97 million or 11% of BMIs revenue. BMIs New Media revenues increased to $15 million due to growth in mobile, social networking and websites. BMI now licenses 6,500 digital media properties up 50%. International added the final $238 million representing 26% of BMIs revenues. Comments Tag: BMI Add to  Del.icio.us |  Digg |  Reddit |  Furl
About the Author: Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations. http://www.hypebot.com |
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