BMI selling to private equity firm

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digitaldrummer
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BMI selling to private equity firm

Post by digitaldrummer » Tue Sep 05, 2023 7:11 am

I missed when BMI went to a "for profit" model last year. I'm sure it was done as quietly as possible. To put it bluntly, this all sucks big time for musicians because you know who is going to be getting the "profits" from any of this (...the corporate greed mongers). I am (currently) a BMI member myself, and I have even benefitted from a small amount of mailbox money (by sending in setlists to claim royalties). I am very disappointed in these recent announcements by BMI however and will be looking at alternatives.

https://www.billboard.com/pro/bmi-selli ... -it-means/
Mike
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markjazzbassist
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Re: BMI selling to private equity firm

Post by markjazzbassist » Tue Sep 05, 2023 11:37 am

here's a nice list i just compiled

PERFORMANCE RIGHTS
SESAC - for profit
BMI - soon to be for profit
GMR (global music rights) - for profit
ASCAP - NON PROFIT

MECHANICAL RIGHTS
HFA (harry fox agency) - for profit, subsidiary of SESAC
MRI (music reports - for profit
MLC (mechanical licensing company) - NON PROFIT

Looks like ASCAP and MLC are the only non-greed choices.

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Re: BMI selling to private equity firm

Post by Mark » Wed Sep 06, 2023 1:25 am

If you're UK based, or hoping to sell songs in the UK market you want to be registered with

Mechanical Rights

Mechanical Copyright Production Society (a subsidiary of the not for profit Music Producers Association)

Performance Rights

PPL-PRS Ltd - not for profit
WWRHS?

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