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BMI Acquisition: What Songwriters Need to Know

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The recent acquisition of Broadcast Music Inc. (BMI) by New Mountain Capital, a private equity giant, has sent shock waves through the music industry, particularly among songwriters who rely on BMI for royalty collection and advocacy.

What Does This Mean for Songwriters?

While the full picture is still forming, here’s a breakdown of the potential positives and negatives for songwriters:

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PRO Payments and Revenue Transparency

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by Paul Gelsomine

Is The “Black Box” Getting Bigger?

A composer’s business lies in their body of work, Economy_150x200which they try to exploit to the best of their ability. By necessity, composers are entrepreneurs. Still, in today’s environment, music is used in a haphazard way, often making it an onerous expedition to receive PRO payments for some performances. In this data-driven day and age, many think that royalties should reach composers faster and be easier to digitally detect. But getting hold of royalties does not appear to be an easy task.

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BMI Payday Today

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Great BMI payday today 3-23-2012, best one ever for me. Hope everyone is having similar success with their PRO payments!

A couple of points. Out of the hundreds of placements on my statement very, very few were from exclusive deals. All the rest were non-exclusive re-titles. If there is a death knell for non-exclusives and PRO payments I’m not seeing it. Also income for royalty free sites has been, and continues to be, a very small percentage of my PRO income.

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