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I worked as a licensing executive for BMI back in 2001. As I recall, at the time BMI, ASCPA and SESAC all together collected only about $4 billion dollars.
Pretty small numbers when you consider that this money has to be divied up to all songwriters and publishers across the entire wolrd.
THE MORE TELLING number is how much BMI keeps for themselves. THIS WILL SHOCK YOU................probably disappoint you, too.
At the time I worked for them, BMI returned something like 92% of EVERYTHING they collected to the songwriters and publishers. Pretty impressive that they can pay rent, utilities, lawyers, staff, advertizing and salaries, on a slim 8% of what they collect.
Remember, these Performance Rights Organizations (BMI, ASCAP, SESAC) are Not-For-Profit organizations.
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