17: Broadcast Music Inc (BMI) Changing Ownership

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Summary

In this episode of the Breve Music Podcast, host Jermaine Harris discusses the recent news that Broadcast Music Inc. (BMI) is undergoing a change in ownership, with New Mountain Capital acquiring a majority stake in the company. Jermaine expresses concerns about an equity-focused company entering the music industry but also sees potential for modernization and increased revenues for songwriters and rights holders. He hopes that the involvement of a company with significant assets could lead to positive changes in the industry. Jermaine also suggests the possibility of New Mountain Capital investing in Web3-focused initiatives with BMI, potentially setting new standards for success in the modern era.

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