Performing rights org BMI announced revenues of $917 million for its fiscal year ending June 30.
Firm said it distributed more than $789 million to its songwriters, composers and copyright holders.
BMI saw a $30 million increase in revenues from new media, cable and satellite audio and video programming services. That stream offset a drop in radio and TV license fees and adverse changes in foreign exchange rates.
Lady Gaga, the Black Eyed Peas, Colbie Caillat, Ke$ha, Drake and Pink were among top revenue-generating acts; top songwriter-performers included Taylor Swift, Kid Rock, Rihanna, Toby Keith, Keith Urban, Lil Wayne and T-Pain, plus breakout acts the Zac Brown Band, Trey Songz, B.o.B., Nicki Minaj and Jason Derulo.
BMI said during the past decade, org’s revenues increased by 70% and royalty distribution grew by 75%, while overhead was reduced by nearly 15%.
Del Bryant, BMI’s prexy and CEO, said the org’s “ability to expand market share, develop and execute strategies to grasp new licensing opportunities, diversify revenues, and develop industry-leading technology solutions has enabled BMI to maintain strong royalty distributions and be a rare island of stability for our songwriters, composers and music publishers in a fast-changing industry and tumultuous economy.”
BMI serves more than 475,000 songwriters, composers and publishing affiliates.