Broadcast Music, Inc said its revenues collections exceeded $931 million for the year ended June 30, a 1.5% increase from the $917 million it reported last year.
The organization said the total revenue reported for the most recent year represents an historic high and continues an unbroken record of year-over-year increases stretching back more than 20 years.
Meanwhile, BMI said its distribution to songwriters and music publishers totaled $796 million, up from the $789 million dispersed in the prior year.
"In addition to the strength of our repertoire, a key factor in our ability to grow revenues despite a challenging global economy is the enduring value of our core offering: the blanket license," BMI President & CEO Del Bryant said in a statement. "Securing unlimited public-performance rights to BMI's entire repertoire of more than 6.5 million works with one stable agreement is as valuable for new media companies such as YouTube and Spotify as it is for our radio, television, cable network and general licensees."
In 2010, BMI processed almost 100 billion copyright transactions on behalf of its music creators, copyright owners and licensees, the organization said.
BMI says it serves more than 650,000 licensed businesses and more than 500,000 music publishing members, composers and songwriter including Lady Gaga, the Black Eyed Peas, Taylor Swift, Rihanna, Nicky Minaj, Adele, Pitbull, Jason Aldean, Paul Simon, Snoop Dogg, Willie Nelson and Queen.