BMI meaning in Associations & Organizations ?

Answer:

What is Broadcast Music, Inc. mean?

Broadcast Music, Inc. (BMI) is a performance rights organisation in the United States. It collects blanket license fees from businesses that use music, entitling those businesses to play any songs from BMI's repertoire of over 17 million compositions. On a quarterly basis, BMI distributes the money to songwriters, composers, and music publishers as royalties to those members whose works have been performed.

In FY 2019, BMI collected $1.28 billion in revenues and distributed $1.196 billion in royalties. BMI's repertoire includes over 1.1 million songwriters and 17 million compositions. BMI is the biggest performing rights organization in the United States and is one of the largest such organizations in the world.

BMI songwriters create music in virtually every genre. BMI represents artists such as Patti LaBelle, Selena, Demi Lovato, Lil Wayne, Blueface, Birdman, Lady Gaga, Taylor Swift, Eminem, Rihanna, Shakira, Ed Sheeran, Sam Cooke, Willie Nelson, Fats Domino and Dolly Parton; bands as diverse as Maroon 5, Evanescence, Red Hot Chili Peppers, Nickelback, Linkin Park, Twenty One Pilots and Fifth Harmony; and composers such as Harry Gregson-Williams, John Williams, and Danny Elfman and Oscar-winning songwriters Richard & Robert Sherman. BMI also represents Michael Jackson's music catalog, Sony/ATV Music Publishing, which features the late artist's music as well as the largest repertoire of any catalog in history.

reference

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