BMI has entered into a licensing agreement with social music site turntable.fm, covering the use of BMI’s repertoire of more than 6.5 million works in the U.S., according to an announcement by Richard Conlon, BMI Senior Vice President, Corporate Strategy, Communications & New Media.
“We are pleased to have reached an agreement that guarantees the more than 475,000 songwriters, composers and copyright owners BMI represents receive fair compensation for their creative efforts,” said Conlon “This agreement is yet another step in our long tradition of breaking new ground in licensing music for digital distribution.”
BMI was the first music company to launch a website in September 1994 and the first to license music on the Internet in April 1995. It now has more than 6,000 licensees in all aspects of digital distribution of music. The company has built the industry’s most robust infrastructure for processing copyright transactions, which last year totaled more than 92 billion, the vast majority of them from the digital space.
Broadcast Music, Inc., a global leader in rights management, is an American performing right organization that represents songwriters, composers and music publishers in all genres of music. BMI has represented the most popular and beloved music from around the world for more than 70 years. The U.S. corporation collects license fees from businesses that use music, which it then distributes as royalties to the musical creators and copyright owners it represents. BMI songwriters and composers were the most celebrated creative voices in awards presentations and on the charts during the past year, accounting for almost two-thirds of the Grammy Awards and dominating other key awards and honors presentations across all genres of music.