BMI post record figures

US-based collection society BMI (Broadcast Music Inc.) has announced record-breaking revenue and royalty distributions for its latest fiscal year. Total revenues in the 12 months to end of June 2015 reached $1.013bn.  BMI distributed $877m in its fiscal year – or 86.6% of its total collections – a 4.5% increase on 2014.

http://www.musicbusinessworldwide.com/bmi-revenues-top-1bn-but-payouts-to-members-lag-behind-ascap/