BMI has announced it will be raising the margin of annual collected revenue it retains from 10% to 15%, in a letter from CEO Michael O’Neill.
BMI is one of the world’s largest performance rights organisation (PRO) that collects license fees, entitling businesses to play or sync any songs from the organisation’s repertoire of over 20 million musical works of more than 1 million copyright owners. Since its foundation in 1939, it operated as a non-profit organisation until October…
