BMI’s Sale Will Likely Only Benefit Top Songwriters Like Taylor Swift

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The performing rights management business has observed a significant shift with the sale of BMI to a group of investors led by New Mountain Capital. This move has sparked a competition between BMI and ASCAP, as BMI claims that a for-profit model will enable more investment in technology. Apart from the obvious impact on songwriters, any changes in the operational model of BMI and ASCAP could affect their less regulated U.S rivals SESAC and GMR, and international performing rights societies. New Mountain Capital’s ownership would require BMI to generate profit and grow, likely through higher-margin new businesses, including international ventures. BMI also needs to retain more licensing revenue, while offering better deals to top songwriters to stay competitive.

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