TUE. BRIEF: Synergy Global Is Bankrupt • BMI Delivers $1.3B • McKay Exits Resound • Axs TV Sold • More

TUESDAY 9.10.19
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BMI claims ‘highest royalty distributions of any music rights org’ as it pays out $1.196bn to songwriters and publishers

The US-based performance rights organization collected a record $1.283bn
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Record Store Finds Uncashed Kurt Cobain 27 Years Old Royalty Check

The staff at Seattle ‘s Easy Street Records recently stumbled across an unchased royalty check made out to Nirvana’s Kurt Cobain 27 years ago.The check was from Broadcast Music Inc. (BMI) and made out to Kurt D. Cobain of Olympia, Washington. It was dated March 6, 1991, just months before…

MON. BRIEF: ASCAP, BMI Consent Decree Arguments • Sonos Revenue Grows • 9128 Launches • More

MONDAY 5.12.19
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Justice Dept. Opens Review of ASCAP, BMI Consent Decrees

The U.S. Justice Department will review two consent decrees originally reached in 1941 with the American Society of Composers, Authors and Publishers (ASCAP) and Broadcast Music, Inc (BMI) to establish how the organizations, which license approximately 90% of music in the United States, must operate. Under the consent decrees, the…