What is BMI?
BMI stands for Broadcast Music, Inc. BMI “collects license fees on behalf of the more than 500,000 songwriters, composers and music publishers it represents and distributes those fees as royalties to members whose works have been publicly performed (“About BMI,” n.d.).” According to the “About Us” page on the BMI website BMI.com, BMI is a performing right organization that issues licenses to several avenues of music such as Internet services, mobile technology businesses, television, radio stations, satellite radio and live concert venues.
BMI currently represents over 7.5 million compositions and is continuing to grow. According to BMI.com, they have distributed more than $789 million in royalties to its members. Not only is BMI a major organization in the United States, BMI is also an “acknowledged leader of the international copyright community (“International Leadership,” n.d.).”
BMI not only helps distribute royalties to its members, it provides various support programs and benefits to its members. BMI offers career building and songwriter support, which includes workshops, seminars and industry showcases. They also offer insurance, discounts on various industry tools such as instruments, magazine subscriptions etc. BMI is also a major supporter of the arts, giving significant financial support to numerous music organizations that help benefit future songwriters or composers.
Why BMI?
BMI is an asset to the entire music industry from independent songwriters to major composers. Without BMI it would be extremely hard for each individual songwriter or composer to manage different licenses and royalties on their own. Being a member of BMI is a great way for independent artists to make some money as well. If a songwriter gets their songs played on a satellite radio or if their song is on the soundtrack of a movie, BMI represents the songwriter or composer and distributes the royalties to all necessary parties involved.
Another great benefit of BMI is that it allows each member to create a professional website for conducting business online. This portal allows each member to track their royalties, register new works and other great tools to help maintain each membership. The great thing about the BMI membership is that it’s free! BMI is an organization that every songwriter, composer or publisher should be apart of. It benefits its members in numerous ways. BMI is an organization that genuinely cares about supporting its members and the professional development of songwriters, composers and publishers.
For more information about BMI go to bmi.com
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