US royalty collecting bods BMI have posted revenues of over $839 million for its financial year up to the end of June, of which $732 million will be distributed to the songwriters, composers and publishers the body represents, an 8% increase on the previous year's distributions.
This is what BMI top bloke Del Bryant says: "The dynamic growth and continued popularity of the BMI catalogue have made these outstanding financial results possible at a time of unprecedented change in the media and entertainment business. Our success is a reflection of developing win-win business solutions for both our affiliated songwriters and our customers, enabling us to respond to significant changes in our business environment that are part of the continued transition from the analogue world to the digital".