BMI to pay Songwriters & Publishers $100M in bonuses after sale to New Mountain Capital
UPDATED: A New Mountain Capital-led shareholder group has acquired BMI. Current shareholders must still approve the sale, which is expected to be completed in the first quarter of 2024. With. Continue reading
BMI to raise cut it takes from songwriters, publishers from 10% to 15%
[UPDATED] BMI plans to raise the margin it retains from royalties collected from 10% to 15% or more, according to the PRO’s Fiscal Year 2023 Annual Report. In August, BMI. Continue reading
What every songwriter needs to know about the BMI sale [Chris Castle]
Musicians and other music professionals are understandably nervous about the likelihood of BMI being sold to venture capitalists. Attorney and artist advocate Chris Castle offers answers. by CHRIS CASTLE from. Continue reading
ASCAP throws shade, highlights nonprofit status as BMI eyes $1.7B sale
As reports intensify that BMI is in the final stages of a $1.7 billion sale to private equity firm New Mountain Capital, which would negate its long-standing non-profit status, ASCAP. Continue reading
ASCAP launches Green Theme Song Contest and ASCAP @ Studio Green
In celebration of Earth Day, ASCAP has launched a Green Theme Song Contest and Studio Green @ ASCAP, an environmental sustainability initiative. Studio Green @ ASCAP is an employee-driven initiative. Continue reading
ASCAP Experience grew 39% in 2021. Is the future of music conferences online?
EXCLUSIVE: ASCAP Experience, ASCAP’s yearly educational event series reached more than 41,000 views in 2021. That’s a 39% increase in attendance and a 54% increase in RSVPs over 2020’s online event. Of those. Continue reading
ASCAP, BMI Partner To Launch SONGVIEW Comprehensive Song Data Platform
[UPDATED] ASCAP and BMI have joinded to launch SONGVIEW, a data platform that provides music with copyright ownership information and administration shares to the majority of music licensed in the United. Continue reading
ASCAP Goes Online With Christian, Country, London Music Awards 2020
ASCAP has announced that it will bring the 2020 editions of the ASCAP Christian, Country, and London Music Awards online this year due to coronavirus. The three awards show will. Continue reading
BMI Reports Record Revenue, Royalty Distributions
BMI is reporting record revenue and royalty distributions for the fiscal year ending June 30. The PRO collected $1.311 billion in revenue, a $28 million increase over the previous year. Continue reading
ASCAP Takes 2020 Awards Shows Online
ASCAP, the American Society of Composers, Authors and Publishers, announced plans to bring its annual slate of awards shows online during the coronavirus pandemic. The awards ceremonies – ASCAP Pop,. Continue reading
