Some of BMI's biggest songwriters include Taylor Swift, Adam Levine, Shakira, Miranda Lambert, P!nk, Nicki Minaj. It also represents television composers such as James Newton Howard, Steve Jablonsky, Mark Mothersbaugh, Brian Tyler and the legendary John Williams.
Macklemore & Ryan Lewis, Lil Wayne Take Top Honors at 2014 BMI R&B/Hip-Hop Awards
"We are extremely pleased with these results and are already hard at work trying to better them this year," BMI president and CEO Michael O'Neill said in a statement. "BMI has a well-earned reputation as a trusted broker between the creative community and businesses that perform music to enhance their customer experience. In an ever-evolving marketplace for music rights, our leadership, operational expertise and ability to deliver value at so many different levels to our songwriters, composers, publishers and licensees, enables us to maximize royalties for the creative community."
The organization said its growth can be attributed to its "continuous drive to diversify its sources of revenue." In the past year, royalty payments from cable and satellite entertainment comprised the largest revenue stream for BMI's domestic operations, while licensing income from digital services, international sources and from businesses such as bars, hotels, fitness facilities and restaurants all posted significant gains. BMI said it processed more than 500 billion copyright transactions reported from more than 650,000 music licensees.