BMI Purchased by Private Equity Firm New Mountain Capital — $100 Million Allocated to Songwriters and Publishers
Broadcast Music Inc. (BMI), the world’s largest performing rights organization, has announced its sale to private equity firm New Mountain Capital. $100 million from the proceeds of sale will go to BMI affiliates — songwriters, publishers, and composers. On Tuesday, BMI revealed in a statement that it has been purchased by New Mountain Capital…
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