• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Right Arrow Button IconLeft Arrow Button IconHome
Right Arrow Button IconMusic

Music

Page 72 of 83
Revenue from licensing music for digital streaming has meant big revenue bumps for agencies like BMI and Ascap. Perhaps it’s time for the “B” in BMI to stand for “billion”—as in $1 billion in annual revenue. The music agency, whose full name is Broadcast Music Inc., announced Thursday that it set an industry record by raking in $1.013 billion over the year ending June 30. That’s BMI’s highest yearly revenue ever, and it squeaks by the $1.001 billion reported earlier this year by ASCAP, BMI’s main rival for handling music licensing and artists’ songs for play on radio, television, streaming media, and other platforms. BMI and ASCAP — the latter of which said it was the first performing rights organization to top $1 billion — have increased their revenue in recent years even as the music industry on the whole remains in flux due to evolving distribution models. The increase comes amid higher consumption of digital music, which requires streaming services like Pandora P 0.38% , Spotify, YouTube GOOG 1.15% , and Apple Music AAPL 2.09% to pay BMI and ASCAP royalties to stream songs by their songwriter members. Together, ASCAP and BMI represent a reported 90% of songs released commercially in the U.S. BMI's roster of artists includes Taylor Swift, Lady Gaga, and Lil Wayne.
Arts & EntertainmentBMI breaks a billion-dollar record
By Tom Huddleston Jr.September 10, 2015
"Chappie" New York Premiere - Inside Arrivals
Arts & EntertainmentREM’s Michael Stipe not feeling fine about Donald Trump using his music
By Chris MatthewsSeptember 10, 2015
Grand Opening Of West Coast Customs Headquarters In Burbank, California
Arts & EntertainmentJustin Bieber just became the youngest male artist to debut at #1
By Jessica Goodman and Entertainment WeeklySeptember 8, 2015
Spotify Holds Press Event In New York
TechSpotify updates privacy policy to clarify how it collects your data
By Robert HackettSeptember 4, 2015
Miley Cyrus
Arts & EntertainmentMiley Cyrus’ VMA ‘disaster’: Hated by critics, (probably) just the way she likes it
By Daniel BukszpanSeptember 3, 2015
Technological Waste
Arts & EntertainmentAudiocassettes are making a comeback
By Michal AddadySeptember 1, 2015
The English heavy metal band Iron Maiden performs a live concert at the Scandinavian heavy metal festival Copenhell in Copenhagen
RetailThe world’s third largest retailer is stocking vinyl records on its shelves
By Michal AddadyAugust 31, 2015
2015 MTV Video Music Awards - Show
Arts & EntertainmentVMA Awards 2015: Kanye West says he’s running for president
By Daniel BukszpanAugust 31, 2015
Is Apple really one of the Dow’s biggest losers?
FinanceIs Apple really one of the Dow’s biggest losers?
By Philip Elmer-DeWittAugust 22, 2015
2012 Coachella Music Festival - Day 3
Arts & EntertainmentDr. Dre apologizes to the women he’s hurt
By Benjamin SnyderAugust 21, 2015
Spotify Press Announcement
TechSpotify to users: Sorry, we meant to tell you sharing your data is optional
By Kia KokalitchevaAugust 21, 2015
Taylor Swift The 1989 World Tour Live In Seattle
Arts & EntertainmentThese female pop stars are 25 and under — and crazy rich
By Daniel BukszpanAugust 19, 2015
Apple comes out swinging in defense of Apple Music
TechApple comes out swinging in defense of Apple Music
By Philip Elmer-DeWittAugust 19, 2015
Portrait Session with MEGA Limited Executives
TechKim Dotcom’s music streaming service is finally here
By Kia KokalitchevaAugust 17, 2015
2012 Coachella Music Festival - Day 3
TechThis is how many times Dr. Dre’s new album was streamed in its first week on Apple Music
By Michal AddadyAugust 17, 2015
1...
  • 70
  • 71
  • 72
  • 73
  • 74
...83
Most Popular
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a yearplaceholder alt text
By Preston ForeMay 21, 2026
Lifestyle
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to driveplaceholder alt text
By Sasha RogelbergMay 24, 2026
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workersplaceholder alt text
By Emma BurleighMay 22, 2026
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.