BMI Sale to New Mountain Capital Is Now Complete ...Middle East

New Mountain Capital has closed its acquisition of BMI and while the price has not been disclosed, the deal will eventually lead to a $100 million payout from the proceeds to affiliates — songwriters and publishers — of the performance rights organization. “Our partnership with New Mountain charts an incredibly exciting new course for BMI and our songwriters, composers and publishers,” BMI president and CEO Mike O’Neill said in a statement. “New Mountain shares our vision to build value for our affiliates and invest in their future success. With their support, advanced level of innovation and resources, we are now in t

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