BMI Acquisition Officially Signed and Sealed — With a Promised $100 Million Doled Out to Songwriters, Composers, and Publishers

BMI Acquisition Officially Signed and Sealed — With a Promised $100 Million Doled Out to Songwriters, Composers, and Publishers

New Mountain Capital officially announces its acquisition of BMI, with $100 million of the sale’s proceeds going to stakeholder iHeartMedia. Investment firm New Mountain Capital has announced the completion of its acquisition of Broadcast Music Inc. (BMI), one of the world’s largest performing rights organization. Previously announced in November…
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