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BMI in music licensing deal with MSN, Yahoo | |
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| Time: 03:19 EST/08:19 GMT | News Source: Reuters | Posted By: Byron Hinson | ||
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Performing rights organization Broadcast Music Inc. (BMI) on Tuesday plans to announce two licensing deals covering public performances of millions of songs on Microsoft Corp.'s MSN Music and Yahoo Inc.'s music Web sites. BMI, founded in 1940, represents about 350,000 songwriters, composers and music publishers and grants businesses and media access to its repertoire of about 4.5 million musical works. Once payment and performance data are received, fees collected from the public performances on these sites will be distributed as royalties to the songwriters, composers and music publishers of the works BMI represents, the organization said. | ||
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