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BMI Sells Out
Manage episode 389860571 series 3331448
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When we heard that BMI, an organization designed to collect money on behalf of songwriters, had decided (on its own?) to drop its non-profit status and go for the cash, our response was confusion. Like—can they even do that? What does that even MEAN? But then BMI sold themselves to a private equity fund. Backed by Google. And now...we’re concerned. To get a better sense of what’s going on, we dig into the history of BMI—exploring how it emerged from battles between publishers, Hollywood, and the rising forces of radio, and what role it has played in the industry ever since. A fair and neutral arbiter, with no interests of its own...but of course. Then we try to understand what impact the privatization might have on the future of music. Bundling other people’s copyrights? Maybe. A foot in the door for AI legislation? Probably. Come for an argument about why songwriters should borrow tactics from the mob. Stay for tomorrow’s IP battles today.
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