BMI Bulletin November/December 2008

Home , Amanda Ghost, At Last, Beautiful Liar, Casey Beathard, Espen Lind, Graham Lyle

November/December 2008 ® A Bi-Monthly News Update for Songwriters & Composers BR o ADCASTM M USIC , I NC . ® I Bulletinbmi.com Bryan Ferry Hank Williams, Jr. Receives Icon Tribute Honored at London Awards Taylor Swift, Casey Beathard, Sony/ATV Take Top Country Honors

MI lauded U.K., he 56th Annual BMI Europe and Jamaica’s Country Awards cel- premier songwrit- ebrated the genre’s Bers, composers and music eliteT Tuesday, November 11 publishers Oct. 7 at the 2008 at BMI’s Music Row offices BMI London Awards. The in Nashville. Hosted by BMI ceremony was hosted by President & CEO Del Bryant BMI President & CEO Del and BMI Vice President, Bryant, along with Executive Writer/Publisher Relations, Director, Writer/Publisher Nashville Jody Williams, the Relations Europe & Asia, black-tie ceremony toasted

Brandon Bakshi. Staged the writers and publishers Photo: John Russell in the Grand Ballroom of of the past year’s 50 most- Pictured onstage at the BMI Country Awards are (l-r): Phil Graham, BMI London’s Dorchester Hotel, performed country songs in Sr. VP Writer/Publisher Relations; Troy Tomlinson, President & CEO of Sony/ATV Music Publishing Nashville, the Country Publisher of the Year; the event honored the past the BMI repertoire. Country Songwriter of the Year Casey Beathard; Icon honoree Hank year’s most-played songs Casey Beathard earned Williams, Jr.; Taylor Swift, writer of Country Song of the Year “Teardrops on U.S. radio and television, his second BMI Country on My Guitar”; BMI President & CEO Del Bryant; and BMI VP, Writer/ Publisher Relations, Nashville Jody Williams. saluting numerous U.K. Songwriter of the Year songwriters, composers and crown, while Taylor Swift’s Year honors. Publishing seventh consecutive Country music publishers alongside smash “Teardrops on My powerhouse Sony/ Publisher of the Year title, music creators from Europe Guitar” garnered Robert ATV Music Publishing and an all-star tribute recog- and other international J. Burton Song of the Nashville claimed its nized Hank Williams, Jr. as a continued on page 7 BMI Icon. Symposium Focuses on First named BMI Country Copyright Collections in the Songwriter of the Year in Financial Review 2004, Casey Beathard co- • INSIDE • Digital Age wrote five of the songs in BMI earned more than $901 the most-performed list to million in revenues for its ongwriters’ and Intellectual Property Law claim his 2008 Songwriter 2008 fiscal year, marking composers’ interests Program and Creative and of the Year title: Rodney the first time any copyright took center stage at Innovative Economy Center. Atkins’s “Cleaning This Gun organization has topped the the Library of Congress The meeting at the Library (Come On In Boy),” Kenny $900 million mark for mu- S sic performance revenues. on October 27 to inform of Congress was the second Chesney’s “Don’t Blink,” BMI also set a historic high Capitol Hill staff and the in “The Creative Industries George Strait’s “How ’Bout in royalty distributions, and policy community of prom- in Transition: New Directions Them Cowgirls,” Billy Ray will disperse more than ising new methods to ex- for the Digital Era” series and Cyrus and Miley Cyrus’s $786 million to our affili- pand royalty collections in showcases academic research “Ready, Set, Don’t Go” and ates. Details of these prec- edent-setting financial re- the Digital Age. A panel of papers that are supported Tracy Lawrence’s “Find Out sults, along with an analysis academics, government offi- by The George Washington Who Your Friends Are,” fea- of the musical trends and cials, composers, and music University Law School and turing Kenny Chesney and technological advances that industry representatives sponsored by BMI. Tim McGraw helped make them possible, gathered for a Washington “Intellectual property Song of the Year appear in a special section of this issue, beginning on summit organized by is one of the driving forces “Teardrops on My Guitar” page 3. The George Washington of the economy, especially was co-written and recorded University Law School’s continued on page 2 continued on page 7

AnnuAl FinAnciAl Review Copyright Collections ® continued from page 1

now with the financial troubles on Wall Street,” BMI Sets New Benchmarks In Performing Right Income, Royalty Payments noted Ralph Oman, a Creative BULLETIN and Innovative Economy Editor: Robbin Ahrold MI earned more than $901 mobile, social networking and website strength, a blurring of conventional Center fellow who teaches Vice President, Corporate copyright law at The George Communications and Marketing million in revenues for its categories, and we now license more lines between genres and media out- Managing Editor: Washington University Law Howard Levitt 2008 fiscal year, marking the than 6,500 digital media properties, lets became increasingly evident: The West Coast Editor: Hanna Pantle School and previously served first time any copyright orga- an increase of more than 50% over the most successful hits featured innovative Nashville Editor: Kay Clary as U.S. Register of Copyrights Technology Editor: David F. Bills nization has topped the $900 prior year. International revenues were blends of urban, Latin, country and pop from 1985-1993. “Performing Assistant Editors: Bmillion mark for music performance also a bright spot, accounting for $238 artists and styles, while veteran stars and rights organizations work. Event participants (l-r): Ralph Oman, former Register of Copyrights Elisabeth Dawson, Ellen Dawson, Jamil Walker revenues and a 7.2% percent increase million, or more than 26% of BMI’s “tween” idols relied more and more on They are the most transparent and current Pravel Professorial Lecturer and GW CIEC Fellow; Susan Design: Jenkins & Page and most trustworthy solution Mann, Senior Director, Intellectual Property Policy, Microsoft Corp.; from the previous fiscal year. BMI also revenues. Growth in revenues from a combination of radio, television and Maury Yeston, Tony Award-winning composer/lyricist, former Professor ® The BMI Bulletin is published by the set a historic high in royalty distribu- film exposure. to create value for and protect and Director of Undergraduate Music Studies, Yale University; Robert Corporate Relations Department of the rights of songwriters, com- Brauneis, Co-Director GW IP Law Program; Bhamati Viswanathan, GW Broadcast Music, Inc., 320 West 57th Street, tions, and will disperse more than $786 Within the robust urban genre, posers, and their small busi- CIEC Research Associate; Tanya Sandros, General Counsel, U.S. Copyright New York, NY 10019. President & CEO: Del Office; and Del Bryant, President & CEO, BMI. R. Bryant, 320 West 57th Street, New York, million to our affiliates, an 8% percent BMI represents hip-hop and r&b roy- nesses by collecting money NY 10019; Corporate Secretary: Stuart Rosen, BMI’s financial results 320 West 57th Street, New York, NY 10019; increase over the prior fiscal year. alty including T-Pain, Kanye West, around the world when their nearly 15 years ago when mu- the biggest winner in this Treasurer: Angelo Bruno, 10 Music Square These financial benchmarks are a direct Sean Garrett, Chris Brown, Rihanna, songs are performed. These sic started to hit the web. evolving world has been East, Nashville, TN 37203. Permission is hereby given to quote from or result of the creative efforts of our song- for fiscal 2008 mark the TI, Dallas Austin, Lil’ Wayne, Gnarls organizations are a key part of “It’s clear that entertain- inertia. It’s a paradox. We are reprint any of the contents on the condition the machinery.” ment is changing. As they say here today to chip away at that proper copyright credit is given to writers, composers and music publish- Barkley’s Cee-Lo Green and OutKast’s the source. “Let us consider the mas- in the technology business, it’s that inertia in a thoughtful ers, who have helped build a catalog first time any copyright Big Boi, along with explosive song- BMI®, BMI.com® and Broadcast Music, Inc.® sive and disproportionally scaling fast. Clearly, technol- and balanced way. We can- are registered trademarks of of music whose depth, breadth and writer, producer and artist Polow Da positive influx of income Broadcast Music, Inc. ogy is nurturing an explosion not wait until the next round popularity are unequaled anywhere in organization has topped Don, who illustrates the increasing the export of our intellectual of creativity. So will all of the of Congressional hearings or © 2008 BMI the world. ability of writer/producers to move be- property has on our nation’s 5 million bands on MySpace rate-setting proceedings to balance of trade, not only become commercial hits or hurriedly craft the next big While traditional broadcast radio the $900 million mark tween urban and pop genres. In today’s BMI OFFICES in song, but also in film and even commercially viable? idea. New York and television accounted for an im- rapid-fire pop-culture climate, cross- theatrical products,” said Probably not. But they do “We need to be proactive, 320 West 57th Street pressive $340 million, or about 38% genre success is becoming increasingly New York, NY 10019 for music performance program panelist Maury deserve a chance to express and collaborative. We need to (212) 586-2000 Fax: (212) 245-8986 e-mail: [email protected] of revenue, our leadership in licens- prevalent. Versatile BMI songwriter/ Yeston, Ph.D, a multiple Tony themselves and present their blend the best thinking from Nashville ing the explosive growth of music producers including will.i.am, J.R. Award-winning Broadway creative work to the public. the best minds across all as- 10 Music Square East revenues. Nashville, TN 37203 in cable, satellite radio and satellite Rotem, Kara DioGuardi and Jeffrey composer and former direc- When they do so, the copy- pects of these issues and come (615) 401-2000 Fax: (615) 401-2707 tor of undergraduate music rights that they create deserve up with solutions that work e-mail: [email protected] television brought in revenues of Steele create crossover ready hits. Los Angeles more than $208 million, accounting the performance of music in retail BMI also represents stars leading the studies at Yale University. our respect and, if the creator for creators and copyright 8730 Sunset Boulevard “As someone who is cur- desires it, fair compensation owners, solutions that work Third Floor West for more than 23% of our domestic and service establishments, including “tween” revolution, including pop Los Angeles, CA 90069 rently in production with a when they are exploited. for business and solutions (310) 659-9109 Fax: (310) 657-6947 licensing income. New Media rev- restaurants, bars and the hospitality culture phenomenon Miley Cyrus/ $90 million American film Likewise, businesses deserve that foster strong, progressive e-mail: [email protected] Miami enues increased to a total of $15 mil- industry, also increased, totaling $97 Hannah Montana, Aly & AJ, the Jonas musical, I know the strength a marketplace where they can public policy for America’s 1691 Michigan Ave lion, due in large part to growth in the million. Brothers and the Naked Brothers Band. and extension of copyright get access to copyrights for a copyrights both here in the Suite 350 Miami Beach, FL 33139 Our strategic use of technology, protection is in the national fair price and take their shot at U.S. and around the world. (305) 266-3636 Fax: (305) 266-2442 e-mail: [email protected] interest, even more critical building the next generation “That’s why we launched TOTAL REVENUE (millions) including the development of new and ROYALTY DISTRIBUTIONS (m illions) Atlanta during economic times like of entertainment. the New Copyright Era 3340 Peachtree Road NE $1,000 enhanced web-based tools for song- $800 Suite 570 these,” said Dr. Yeston. “To make all of this hap- initiative. We believe that a Atlanta, GA 30326 $ 900 writers, composers, and publishers, BMI President & CEO Del pen, we need fair, market- productive, balanced and (404) 261-5151 Fax: (404) 816-5670 $700 e-mail: [email protected] $ 800 allowed us to grow our business while Bryant offered perspective driven copyright clearance thoughtful dialog among the $600 London $ 700 bringing overhead to the lowest levels from within the performing and payment systems. You, academic, business and pol- 84 Harley House Marylebone Road $ 600 in company history. $500 right arena, stating, “There as policy makers, are in a icy communities is crucial to London NW1 5HN England $ 500 $400 is certainly no dispute that pivotal role to help frame setting the stage for the future 011-44-207-486-2036 Fax: 011-44-207-224-1046 entertainment, information these systems. Some innova- of copyright — and the fu- $ 400 Repertoire e-mail: [email protected] $300 and copyright are in an era of tive solutions have been pro- ture of creativity. I thank you Puerto Rico $ 300 The quality and depth of BMI’s roster dramatic change. This change posed, ranging from Music again for joining us today MCS Plaza $200 Suite 208 $ 200 and repertoire once again provided the has been has been evolution- Rights Organizations to ISP and hope you will keep up to 255 Ponce De Leon Ave. $100 San Juan, PR 00917 $ 100 impetus for unparalleled success in the ary. It’s been going on for a levy systems, global licens- date with the New Copyright (787) 754-6490 Fax: (787) 753-6765 long time. For those of us in ing solutions and more. Era Initiative at our website, e-mail: [email protected] 0 performing right arena during the past $ 0 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008 the music industry, it started “Unfortunately, to date, newcopyrightera.org.” ❏ year. While each music format displayed

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AnnuAl FinAnciAl Review Copyright Collections ® continued from page 1 now with the financial troubles on Wall Street,” BMI Sets New Benchmarks In Performing Right Income, Royalty Payments noted Ralph Oman, a Creative BULLETIN and Innovative Economy Editor: Robbin Ahrold MI earned more than $901 mobile, social networking and website strength, a blurring of conventional Center fellow who teaches Vice President, Corporate copyright law at The George Communications and Marketing million in revenues for its categories, and we now license more lines between genres and media out- Managing Editor: Washington University Law Howard Levitt 2008 fiscal year, marking the than 6,500 digital media properties, lets became increasingly evident: The West Coast Editor: Hanna Pantle School and previously served first time any copyright orga- an increase of more than 50% over the most successful hits featured innovative Nashville Editor: Kay Clary as U.S. Register of Copyrights Technology Editor: David F. Bills nization has topped the $900 prior year. International revenues were blends of urban, Latin, country and pop from 1985-1993. “Performing Assistant Editors: Bmillion mark for music performance also a bright spot, accounting for $238 artists and styles, while veteran stars and rights organizations work. Event participants (l-r): Ralph Oman, former Register of Copyrights Elisabeth Dawson, Ellen Dawson, Jamil Walker revenues and a 7.2% percent increase million, or more than 26% of BMI’s “tween” idols relied more and more on They are the most transparent and current Pravel Professorial Lecturer and GW CIEC Fellow; Susan Design: Jenkins & Page and most trustworthy solution Mann, Senior Director, Intellectual Property Policy, Microsoft Corp.; from the previous fiscal year. BMI also revenues. Growth in revenues from a combination of radio, television and Maury Yeston, Tony Award-winning composer/lyricist, former Professor ® The BMI Bulletin is published by the set a historic high in royalty distribu- film exposure. to create value for and protect and Director of Undergraduate Music Studies, Yale University; Robert Corporate Relations Department of the rights of songwriters, com- Brauneis, Co-Director GW IP Law Program; Bhamati Viswanathan, GW Broadcast Music, Inc., 320 West 57th Street, tions, and will disperse more than $786 Within the robust urban genre, posers, and their small busi- CIEC Research Associate; Tanya Sandros, General Counsel, U.S. Copyright New York, NY 10019. President & CEO: Del Office; and Del Bryant, President & CEO, BMI. R. Bryant, 320 West 57th Street, New York, million to our affiliates, an 8% percent BMI represents hip-hop and r&b roy- nesses by collecting money NY 10019; Corporate Secretary: Stuart Rosen, BMI’s financial results 320 West 57th Street, New York, NY 10019; increase over the prior fiscal year. alty including T-Pain, Kanye West, around the world when their nearly 15 years ago when mu- the biggest winner in this Treasurer: Angelo Bruno, 10 Music Square These financial benchmarks are a direct Sean Garrett, Chris Brown, Rihanna, songs are performed. These sic started to hit the web. evolving world has been East, Nashville, TN 37203. Permission is hereby given to quote from or result of the creative efforts of our song- for fiscal 2008 mark the TI, Dallas Austin, Lil’ Wayne, Gnarls organizations are a key part of “It’s clear that entertain- inertia. It’s a paradox. We are reprint any of the contents on the condition the machinery.” ment is changing. As they say here today to chip away at that proper copyright credit is given to writers, composers and music publish- Barkley’s Cee-Lo Green and OutKast’s the source. “Let us consider the mas- in the technology business, it’s that inertia in a thoughtful ers, who have helped build a catalog first time any copyright Big Boi, along with explosive song- BMI®, BMI.com® and Broadcast Music, Inc.® sive and disproportionally scaling fast. Clearly, technol- and balanced way. We can- are registered trademarks of of music whose depth, breadth and writer, producer and artist Polow Da positive influx of income Broadcast Music, Inc. ogy is nurturing an explosion not wait until the next round popularity are unequaled anywhere in organization has topped Don, who illustrates the increasing the export of our intellectual of creativity. So will all of the of Congressional hearings or © 2008 BMI the world. ability of writer/producers to move be- property has on our nation’s 5 million bands on MySpace rate-setting proceedings to balance of trade, not only become commercial hits or hurriedly craft the next big While traditional broadcast radio the $900 million mark tween urban and pop genres. In today’s BMI OFFICES in song, but also in film and even commercially viable? idea. New York and television accounted for an im- rapid-fire pop-culture climate, cross- theatrical products,” said Probably not. But they do “We need to be proactive, 320 West 57th Street pressive $340 million, or about 38% genre success is becoming increasingly New York, NY 10019 for music performance program panelist Maury deserve a chance to express and collaborative. We need to (212) 586-2000 Fax: (212) 245-8986 e-mail: [email protected] of revenue, our leadership in licens- prevalent. Versatile BMI songwriter/ Yeston, Ph.D, a multiple Tony themselves and present their blend the best thinking from Nashville ing the explosive growth of music producers including will.i.am, J.R. Award-winning Broadway creative work to the public. the best minds across all as- 10 Music Square East revenues. Nashville, TN 37203 in cable, satellite radio and satellite Rotem, Kara DioGuardi and Jeffrey composer and former direc- When they do so, the copy- pects of these issues and come (615) 401-2000 Fax: (615) 401-2707 tor of undergraduate music rights that they create deserve up with solutions that work e-mail: [email protected] television brought in revenues of Steele create crossover ready hits. Los Angeles more than $208 million, accounting the performance of music in retail BMI also represents stars leading the studies at Yale University. our respect and, if the creator for creators and copyright 8730 Sunset Boulevard “As someone who is cur- desires it, fair compensation owners, solutions that work Third Floor West for more than 23% of our domestic and service establishments, including “tween” revolution, including pop Los Angeles, CA 90069 rently in production with a when they are exploited. for business and solutions (310) 659-9109 Fax: (310) 657-6947 licensing income. New Media rev- restaurants, bars and the hospitality culture phenomenon Miley Cyrus/ $90 million American film Likewise, businesses deserve that foster strong, progressive e-mail: [email protected] Miami enues increased to a total of $15 mil- industry, also increased, totaling $97 Hannah Montana, Aly & AJ, the Jonas musical, I know the strength a marketplace where they can public policy for America’s 1691 Michigan Ave lion, due in large part to growth in the million. Brothers and the Naked Brothers Band. and extension of copyright get access to copyrights for a copyrights both here in the Suite 350 Miami Beach, FL 33139 Our strategic use of technology, protection is in the national fair price and take their shot at U.S. and around the world. (305) 266-3636 Fax: (305) 266-2442 e-mail: [email protected] interest, even more critical building the next generation “That’s why we launched TOTAL REVENUE (millions) including the development of new and ROYALTY DISTRIBUTIONS (m illions) Atlanta during economic times like of entertainment. the New Copyright Era 3340 Peachtree Road NE $1,000 enhanced web-based tools for song- $800 Suite 570 these,” said Dr. Yeston. “To make all of this hap- initiative. We believe that a Atlanta, GA 30326 $ 900 writers, composers, and publishers, BMI President & CEO Del pen, we need fair, market- productive, balanced and (404) 261-5151 Fax: (404) 816-5670 $700 e-mail: [email protected] $ 800 allowed us to grow our business while Bryant offered perspective driven copyright clearance thoughtful dialog among the $600 London $ 700 bringing overhead to the lowest levels from within the performing and payment systems. You, academic, business and pol- 84 Harley House Marylebone Road $ 600 in company history. $500 right arena, stating, “There as policy makers, are in a icy communities is crucial to London NW1 5HN England $ 500 $400 is certainly no dispute that pivotal role to help frame setting the stage for the future 011-44-207-486-2036 Fax: 011-44-207-224-1046 entertainment, information these systems. Some innova- of copyright — and the fu- $ 400 Repertoire e-mail: [email protected] $300 and copyright are in an era of tive solutions have been pro- ture of creativity. I thank you Puerto Rico $ 300 The quality and depth of BMI’s roster dramatic change. This change posed, ranging from Music again for joining us today MCS Plaza $200 Suite 208 $ 200 and repertoire once again provided the has been has been evolution- Rights Organizations to ISP and hope you will keep up to 255 Ponce De Leon Ave. $100 San Juan, PR 00917 $ 100 impetus for unparalleled success in the ary. It’s been going on for a levy systems, global licens- date with the New Copyright (787) 754-6490 Fax: (787) 753-6765 long time. For those of us in ing solutions and more. Era Initiative at our website, e-mail: [email protected] 0 performing right arena during the past $ 0 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008 the music industry, it started “Unfortunately, to date, newcopyrightera.org.” ❏ year. While each music format displayed

2 3 32% 71.6% Website 17% Western Europe Music 10.2% Subscription Services Asia-Pacific

9.2% 10% Canada 37% Local Radio Mobile Streaming 4.3% Latin America 4% 4.1% Television Eastern Europe Streaming (including Turkey & Israel) .6% AnnuAl FinAnciAl Review Africa AnnuAl FinAnciAl Review

Artists with Luis Guerra, Wisin & Yandel and Los performance data. Diligent implementa- “tween” REVENUE SOURCES INTERNATIONAL REVENUE appeal Tigres del Norte topped charts around tion of refined operating procedures also (percent by category) (percent by region) generated the world. helped us deal with a 15.7% increase enormous airplay In the surging rock genre, BMI’s roster in music performance data from foreign numbers this includes Nickelback, 3 Doors Down, performing right societies. In March year, led by Miley Cyrus, Red Hot Chili Peppers, the Raconteurs, 26% 2008, we launched a new, automated 32% International 7000 71.6% Website 17% Aly & AJ, 21% Western Europe Cable & Satellite Music the Jonas Maroon 5, Linkin Park, Kid Rock, Fall application dubbed SuperQ, which is 10.2% Subscription 6000 Services Brothers and Out Boy and more. Legends with staying designed to process electronic cue sheets. Asia-Pacific the Naked 13% Broadcast 11% 5000 In addition to streamlining processing 9.2% Brothers Band. power embody BMI’s classic rock family: General 10% Television Canada Licensing 37% Local Radio procedures and organizing large amounts Streaming The Eagles, Pink Floyd, Alice Cooper, Eric 4000 Mobile Clapton, The Who, Elton John and numer- 25% of information, the program provides en- 4.3% Latin America Radio 2% 3000 4% ous others remain in high demand. New Media hanced data protection. 4.1% Television 2% Eastern Europe Streaming (including Turkey & Israel) Other 2000 In the past year, BMI launched a BMI composers continue to dominate .6% Africa the jazz field, as BMI represents the ma- 1000 major revision of the online affiliation jority of the 100 National Endowment process, greatly reducing the complexity 0 for the Arts Jazz Masters Fellowship re- by Steve Jablonsky. BMI television music 2004 2005 2006 2007 2008 of joining BMI via the Internet. Over the traditional relationships in the midst of cipients, the highest honors that our na- composers also maintained their competi- past 12 months alone, BMI added almost the digital revolution. On the legislative tion bestows upon jazz musicians. In the tive edge, boasting theme or background 30,000 new songwriters and composers front, BMI has been actively engaged contemporary classical music field, sev- music in 76% of last fall’s primetime net- to its rolls, with the vast majority joining in many issues put forward in the 110th en of the 10 most frequently performed work programs and in 17 of the top 20 of online. The company also launched an Congress, specifically the Performance 26% living American composers are affiliated those shows, while composers Katreese enhanced version of Online Services for Rights21% Act and theInter Orphannational Works bill. 7000 Cable & Satellite with BMI. BMI’s preeminence in musical Barnes, Jeff Beal, George Fenton and major publishers, allowing them to regis- We have been monitoring the status 6000 theatre was also reinforced this year, as William Ross each took home prime-time ter new works and manage existing cata- of 13%Performance Right Act and assist- Broadcast 11% 5000 Television General Passing Strange won a Tony Award for Emmy Awards. log more efficiently. An increased em- ing Congress in draftingLicensing competent Best Book of a Musical and top honors phasis on eCommerce has also led to the language for both bills in an effort to 4000 25% for its creative hive at the 53rd Annual Operations introduction of an internally developed ensure pre-existingRadio royalty streams2% for 3000 New Media Drama Desk Awards. BMI’s global leadership role among per- system that allows for the electronic pro- songwriters, composers and2% music pub- BMI’s dominance in the contemporary rock Other 2000 The trend of U.K. acts enjoying sub- forming right organizations32% is rooted in sphere is reflected by the ongoing success cessing of licensee payments, reducing lishers remain strong and unimpeded. 71.6% Website 17% Western Europe our ability to reduce overheadMusic without of such acts as 3 Doors Down, Hinder and BMI is also notably involved in vital 1000 stantial achievements stateside10.2% contin- Subscription BMI’s costs in licensing administration Services Maroon 5, among many others. Asia-Pacific diminishing the quality of service offered significantly. copyright issues abroad, as new media 0 ued this year. London’s Amy Winehouse 2004 2005 2006 2007 2008 9.2% 10% Canada capped off a staggeringly successful year to our affiliates, licensees37% and interna- Local Radio unprecedented challenges and opportuni- are increasingly serving international Mobile Streaming with five Grammys, the most ever4.3% in one tional partners. We continue to employ ties. During the year, we processed more Public Policy audiences in a borderless economy. Latin America 4% year for a British woman, and numerous4.1% tools and strategies designed to improveTelevision than 9 billion feature audio performances The changing infrastructure of the During the past year, the European Eastern Europe Streaming (including Turkey & Israel) U.K.-based artists, including.6% Corinne both operational efficiency and productiv- from a wide range of reporting sources, entertainment industry has created Commission found certain provisions Africa Bailey Rae, KT Tunstall, Snow Patrol, ity, as the increase in new music licens- with 97% of these performances coming a surge of activity on Capitol Hill as of the agreements entered into between Natasha Bedingfield and James Blunt, ing sources and delivery platforms offers from Internet and digital audio services, record companies, music publishers, the European societies to be in viola- continue to populate the upper reaches our fastest growing sources of audio artists and songwriters seek to redefine tion of European competition law. The of the charts. NEW MEDIA LICENSEES Established BMI’s dominance in the country format Music in film remains a key com- hip-hop and r&b talent like is carried by an invigorating combina- ponent of our repertoire,26% as BMI com- 21% International 7000 Kanye West, tion of new faces and veterans: Toby posers Cablehave & musicSatellite in 82% of the 100 Chris Brown, Keith, Tim McGraw, Faith Hill, Brooks top-grossing films of the past year. The 6000 and Lil’ Wayne 13% continued to Broadcast 11% 5000 & Dunn, Keith Urban, Martina McBride three highest-grossingTelevision filmsGeneral of last year, top charts Licensing and Vince Gill remain at the forefront, which at last count had grossed nearly 4000 in multiple 25% formats, while Carrie Underwood, Taylor Swift, $1 billion domestically,Radio were scored2% by 3000 illustrating New Media 2% the increasing Miranda Lambert, Rodney Atkins and BMI composers: Spider-Man 3 by newly 2000 Other ability of

Josh Turner joined the genre’s top ranks. crowned Richard Kirk Award recipient 1000 artists to BMI’s Latin trendsetters remain interna- Christopher Young, Shrek The Third by move between 0 genres. 2004 2005 2006 2007 2008 tional superstars: Shakira, Juanes, Juan Harry Gregson-Williams and Transformers

4 5 32% 71.6% Website 17% Western Europe Music 10.2% Subscription Services Asia-Pacific

9.2% 10% Canada 37% Local Radio Mobile Streaming 4.3% Latin America 4% 4.1% Television Eastern Europe Streaming (including Turkey & Israel) .6% AnnuAl FinAnciAl Review Africa AnnuAl FinAnciAl Review

4 5 AnnuAl FinAnciAl Review London Awards continued from page 1 Landmark NEW WRITER AFFILIATIONS markets. The highlight of by Johnny Marr (PRS), Tom BMI’s subsidiary company, Landmark Online Versus Paper the gala dinner and awards “King Sour” Peloso and Joe

Digital Services™, LLC, provides ad- 30,000 ceremony400,000 was the presenta- Plummer and published by vanced audio-recognition products and tion of the prestigious BMI Chrysalis Music. 350,000 services for content providers, copyright 25,000 Icon award to Bryan Ferry The BMI Dance Award (PRS). He joins past Icons went to Ian Dench and owners and consumers of music and 300,000 20,000 including Peter Gabriel, Ray Amanda Ghost (PRS) for digital entertainment. Since its launch in 250,000 Davies, Steve Winwood, Van “Beautiful Liar,” recorded 2005, the company’s infrastructure and 15,000 Morrison,200,000 amongst others. by genre-bending combo data library have grown to encompass Other top award winners Beyoncé and Shakira. were150,000 songwriters Amund “Beautiful Liar” was pub- Bryan Ferry accepts his Icon award as BMI President & CEO Del Bryant more than 600 broadcast-monitoring sites 10,000 and Senior Vice President Phil Graham look on. and almost 5,000,000 audio signatures. Bjørklund100,000 and Espen Lind lished by Bucks Music 5,000 (both members of Norwegian Group Ltd. (PRS), EMI the list with seven million which was also co-written by Landmark’s unique BlueArrow™ performing50,000 right society Music Publishing Ltd. performances each, while Will Jennings. Trendsetters pattern-recognition technology Juan Luis Guerra, 0 TONO0 and represented in (PRS) and Kobalt Music John Lennon’s self-penned Additional award-win- Sebastian Krys is designed to recognize music 2005 2006 2007 2008 the U.S. by BMI),2005 along2006 with2007 2008Publishing Ltd. (PRS). “Imagine” was recognized ners whose compositions and Juanes are Online Paper Electronic Paper just three of from any medium, and in almost Ne-Yo, who received the Prestigious “Million-Air” for six million performances. soared past the three million the many BMI real-time. Essentially, the broad- The vast majority of new writer affiliations now prestigious Robert S. Musel certificates were also pre- Five-million performance performance mark included Latin stars who take place via the Internet, with 90 percent of Award for Song of the Year sented throughout the eve- honorees included “Higher Shania Twain (PRS), Graham saw heavy chart cast monitoring and performance the sign-ups taking place online in 2008. for Beyoncé’s “Irreplaceable.” ning in recognition of those Love” co-penned by Steve Gouldman (PRS), The Bee activity and award reporting Landmark provides recognition. The song is published by EMI songs that have achieved Winwood (PRS) and Will Gees’ Barry, Maurice and will ensure BMI’s position as accordance with generally accepted ac- Music Publishing Ltd./Stellar more than three million U.S. Jennings; Graham Lyle’s Robin Gibb (all PRS), Sir the leader in performing right royalty counting principles (GAAP). Reporting Songs Ltd. radio and television perfor- (PRS) “What’s Love Got To Paul McCartney (PRS), distribution, even as new methods of in accordance with these principles Modest Mouse’s mances, the equivalent of Do With It”; and “You Really Fleetwood Mac’s Christine digital delivery are adopted. Currently, enables us to accurately and objectively “Dashboard” earned BMI’s more than 17 years of con- Got Me,” composed by BMI McVie, Roxette’s Per Gessle Landmark is monitoring and identifying report our financial results. College Song of the Year tinuous airplay. The Rolling Icon Ray Davies (PRS). BMI (STIM), Mats Persson crown for tallying the most Stones’ “(I Can’t Get No) Icon Steve Winwood also (STIM), Paul Herman (PRS), for BMI hundreds of commercial radio Each year our financial statements performances on American Satisfaction,” co-penned by composed two more songs Mort Shuman (SACEM), are subject to an audit by our inde- stations within numerous formats, 24 college radio. The infec- Sir Mick Jagger (PRS) and in the list: “Gimme Some Wally Badarou (SACEM), hours a day, seven days a week, 365 days pendent auditors, Deloitte & Touche. tious lead single off the Keith Richards (PRS), and Loving” (4 million) co-writ- Stig Anderson (STIM), and a year. By the end of 2008, BMI will have Annually, our auditors express an band’s We Were Dead Before Eric Clapton’s (PRS) “Layla,” ten by Muff Winwood and ABBA’s Benny Andersson fully integrated these stations within its opinion on our financial statements The Ship Even Sank album, co-written by Clapton and Spencer Davies (both PRS), (STIM) and Björn Ulvaeus ❏ royalty distribution process. based on the results of their audit. An “Dashboard” was co-written Jim Gordon, both topped and “Valerie” (3 million) (BUMA). unqualified opinion (the best opinion continued from page 1 by Lynyrd Skynyrd, Gregg Can Survive,” “Born to possible) was issued again this year, Country Awards Financial Reporting Quality Allman, Robert Randolph Boogie,” “Dixie On My BMI’s commitment to quality and in- denoting that our financial statements by Taylor Swift and pub- Music Publishing Nashville and Kenny Chesney. Hank Mind,” “Family Tradition,” decision prohibits such practices, bans tegrity is exemplified by the practice present fairly the financial position and lished by Sony/ATV Tree. (through its companies Williams, Jr.’s career has “Whiskey Bent and Hell exclusive rights to repertoire and permits of preparing its financial statements in results of operations of BMI. The song earned iTunes’ no. Sony/ATV Acuff Rose, Sony/ profiled the aspirations, Bound” and “Texas Women.” Each composition represents songwriters and other rights holders 1 country song of 2007 brag- ATV Melody and Sony/ATV trials and carousals of the ging rights as it achieved Tree) picked up its seventh everyman in an unabashedly a candid piece of Williams to choose any copyright organization RIAA Digital Platinum cer- consecutive BMI Country proud and instantly recog- himself: He wrote every song in the EU to represent their works for tification in early 2008. The Publisher of the Year win. nizable voice. Nicknamed on that list alone. In addition online, satellite and cable distribution, second single off her triple- The publishing giant accu- “Bocephus” by his legendary to 10 no. 1 singles, he found setting in motion a competitive struc- platinum selling eponymous mulated the highest percent- father Hank Williams, the mainstream success on the ture among collecting societies. BMI’s debut, “Teardrops on My age of copyright ownership younger Williams’s waggish pop charts and through pen- songs and roguish persona ning and performing the repertoire is one of the primary assets Guitar” ushered in the year thanks to award songs of Taylor Swift, during including “Never Wanted have unified through their multiple Emmy award-win- licensed by the European copyright soci- which the 18 year-old pro- Nothing More,” “Famous In celebration of rebellion. A ning theme to Monday Night eties and the desire to easily license this ceeded to shatter records, a Small Town,” “Watching sly songwriter and robust Football; six of Williams’s catalog is a driving factor with regard becoming the only female Airplanes,” “Long Trip vocalist capable of convey- albums reached platinum to decisions that are being made by the artist in Billboard country Alone” and “Love You.” ing startling emotion and status, while 20 were certi- various parties. We are actively survey- chart history to release five The capstone of the eve- making deceptively ordinary fied gold and 13 reached the characters shine, he boasts a number 1 spot on the charts. ing these developments to protect the consecutive top ten singles ning took the form of the from a debut album. tribute to newly crowned catalog that includes honky- A complete list of BMI interests of our songwriters, composers BMI’s dominance in the consistently popular country format is carried by an invigorating cross- section of new faces and veterans: Artists like Brooks & Dunn and Tim McGraw remain at the With 15 songs among this BMI Icon Hank Williams, tonk classics “All My Rowdy country Award winners is and music publishers. genre’s forefront, while Carrie Underwood set new benchmarks for success. year’s top 50, Sony/ATV Jr., featuring performances Friends,” “A Country Boy available on bmi.com. ❏

6 7 AnnuAl FinAnciAl Review London Awards continued from page 1 Landmark NEW WRITER AFFILIATIONS markets. The highlight of by Johnny Marr (PRS), Tom BMI’s subsidiary company, Landmark Online Versus Paper the gala dinner and awards “King Sour” Peloso and Joe

6 7 FinancialYear-End Review

® November/December 2008 See Page 3 A Bi-Monthly News Update for Songwriters & Composers

B B R o ADCASTM M USIC , I NCI. ® Bulletin bmi.com Hank Williams, Jr. Receives Icon Tribute Bryan Ferry Honored at London Awards

Taylor Swift, Casey Beathard, Sony/ATV BMI lauded U.K., Europe and Jamaica’s premier songwriters, Take Top Country Honors composers and music publishers Oct. 7 at the 2008 BMI London Awards. Page 1. The 56th Annual BMI Country Awards celebrated the genre’s elite Tuesday, November 11 at BMI’s Music Row offices in BMI Sets New Benchmarks In Performing Nashville. Page 1. Right Income, Royalty Payments Symposium Focuses on Copyright Collections in the Digital Age BMI’s financial results for fiscal 2008 mark the first time any copyright organization has topped the $900 million Songwriters’ and composers’ interests took center stage at mark for music performance revenues. Page 3. the Library of Congress on October 27 to inform Capitol Hill staff and the policy community why strong champions of creators’ rights are needed in the Digital Age. Page 1.

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