Description: In 2015, the music licensing agency BMI reached $1 billion in revenue for the first time, and Michael O’Neill, the company’s chief executive, predicted that it would take another three years before the agency could, after expenses, pay $1 billion in royalties to its songwriters and music publishers. BMI reached its goal one year early.
Date: Sep 07, 2017
Questions for discussion:
- What does the article say about the financial strength of the industry?
- How should investors regard this information?