Broadcast Music, Inc. collected $917 million in revenues in its 2010 fiscal year ended June 30, a 1.3% increase from the $905 million generated during the prior year. During that period, BMI distributed $789 million, up slightly from the $788 million it spread to its 475,000 songwriters, composers and music publisher affiliates in fiscal 2009.

The organization attributed the revenue growth to a $30 million increase in revenue from new media, cable, satellite audio and video programming. That increase was offset by a decline in radio and television licensing fees, but it didn't specify how much each area contributed to revenues. The organization also said revenues were impacted by adverse movement in foreign exchange rates during the January-June period.

During the past decade, BMI’s revenues increased by 70% and royalty distributions by 75%, while the overhead rate was reduced by almost 15%, the organization said. “Our ability to expand market share, develop and execute strategies to grasp new licensing opportunities, diversify revenues, and develop industry-leading technology solutions has enabled BMI to maintain strong royalty distributions and be a rare island of stability for our songwriters, composers and music publishers in a fast-changing industry and tumultuous economy," BMI president and CEO Del Bryant said in a statement.

BMI songwriters include Lady Gaga, The Black Eyed Peas, Taylor Swift, Kid Rock, Zac Brown Band, Trey Songz, Willie Nelson, Paul Simon and film composers Danny Elfman and John Williams.