Thania Garcia BMI has distributed and administered $1.471 billion to its songwriters, composers and publishers, marking its highest royalty distributions ever, in the year ending June 30, 2022.
Revenue also grew, totaling a record-breaking $1.573 billion — a $212 million, or 16%, increase compared to the last fiscal year.
On Tuesday, the group published its annual report which logged a boost of $136 million (up by 10%) in distributions compared to the previous year.
That total includes domestic and international royalties as well as distributions from direct deals between BMI publishers and digital service providers that BMI administers on their behalf.
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