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.

Source: NYTimes.com

Date: Sep 07, 2017

Link: https://www.nytimes.com/2017/09/07/business/media/bmi-music-royalties.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business&region=stream&module=stream_unit&version=latest&contentPlacement=2&pgtype=sectionfront

Questions for discussion:

• What does the article say about the financial strength of the industry?
• How should investors regard this information?