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Musicians Territory
Musicians Territory

BMI Purchased by Private Equity Firm New Mountain Capital — $100 Million Allocated to Songwriters and Publishers

MusicNews November 22, 2023
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Broadcast Music Inc. (BMI), the world’s largest performing rights organization, has announced its sale to private equity firm New Mountain Capital. $100 million from the proceeds of sale will go to BMI affiliates — songwriters, publishers, and composers. On Tuesday, BMI revealed in a statement that it has been purchased by New Mountain Capital, revealing […]

The post BMI Purchased by Private Equity Firm New Mountain Capital — $100 Million Allocated to Songwriters and Publishers appeared first on Digital Music News.

Link to the source article – https://www.digitalmusicnews.com/2023/11/22/bmi-purchased-by-new-mountain-capital/

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