Bug Music has hit the top 100 rankings of Inc. magazine's 500 fastest-growing privately-held companies. The company was acknowledged for its 1,564.5% three-year growth to $77 million in revenues in its most recent fiscal year. It was also the No. 2-ranked media company on the list.

“Bug is executing a disciplined growth strategy to create more
opportunities for writers and wonderful songs and for the company, both through traditional expansion and new business models," says Bug Music CEO John Rudolph. "In trying times for the music industry and for the economy overall, our initiatives create stability for our music and financial partners who have been the integral part of our success."

--Songfile, the Harry Fox Agency's online licensing service, has issued about 168,000 physical format licenses and 32,000 digital licenses in the last four years, the HFA reports. In total units, those licenses cover almost 21.5 million recorded works.

So far this year through August, Songfile — which provides mechanical
licensing capabilities to student and church musicians and unsigned indie bands, looking to license cover songs for releases that initially press less than 2,500 copies —has generated nearly $1.7 million in commission-free royalties for music publishers.

So far, Songfile's most-licensed song is “Over The Rainbow” from "The Wizard of Oz." For full Top 25 list click here.

--Muzak, a provider of music, messaging and branded sensory media to retailers and organizations, is currently hosting (Oct. 8-9) its first-ever
industry conference devoted to music and branding. The event, which is supported by RightsFlow which provides copyright licensing and royalty payment services to Muzak, is being held at the North Carolina
Music Factory in Charlotte, N.C.

Discussion topics at the event, which helps celebrate Muzak's 75th
Anniversary, includes the role music plays in marketing, branding and the in-store experience and how brands can use music to make new connections with their target audiences.