It was a record-breaking year for revenue for Broadcast Music, Inc., the music rights management company representing songwriters, composers, music publishers and businesses tied to nearly all of the songs one hears on broadcast radio and television.
Revenue in fiscal 2019 was up 7% from fiscal 2018 for the entity commonly known as BMI.
Don’t mistakenly believe the surge in dollars came from radio or from television. BMI’s growth is largely thanks to cable and satellite services — and digital audio services such as Spotify and Pandora.
