Regulatory News
The music industry has seen significant growth in recent years, with global performance rights revenues reaching USD 2.9 billion in 2024, marking a 5.9% increase from the previous year. This growth is attributed to various factors, including the increasing popularity of streaming services and the rise of new music platforms.
Partnership between Bridger and BMI
Bridger, a leading copyright management company and part of Llama Group, has entered into a strategic agreement with BMI, the largest performing rights organization in the United States. This partnership is expected to substantially increase the royalties Bridger collects, particularly in light of industry growth.
- BMI serves as a critical link between songwriters and the businesses and organizations that publicly perform their music.
- Through this collaboration, Bridger will now be able to collect performance royalties on behalf of its members within the U.S., marking a major step forward in its global expansion.
- The partnership enables Bridger to collect royalties not only from digital platforms but also from physical venues across the United States.
Benefits of the Partnership
This agreement is expected to substantially increase the royalties Bridger collects, particularly in light of industry growth. In fact, global performance rights revenues reached USD 2.9 billion in 2024, marking the fourth consecutive year of growth. Performance rights accounted for 9.7% of total global music revenues, according to the IFPI Global Music Report 2025.
| Year | Global Performance Rights Revenues (USD billion) |
|---|---|
| 2024 | 2.9 |
| 2023 | 2.7 |
| 2022 | 2.6 |
| 2021 | 2.5 |
Quote from Alexandre Saboundjian, CEO of Bridger
“The partnership with BMI completes a very strong offering from Bridger to its members. The United States is the largest market for performance rights, and we’re thrilled to now be able to collect royalties in this market thanks to BMI. Our mission is to continuously provide the best service with full transparency to the authors, composers, and publishers who trust Bridger,” said Alexandre Saboundjian, CEO of Bridger.
Upcoming Event
The next meeting for Bridger is scheduled for May 15, 2025, as part of the Investor Conference Call.
About BMI
BMI was founded in 1939 by forward-thinkers who wanted to represent songwriters in emerging genres, like jazz, blues and country, and protect the public performances of their music. BMI is currently the largest music performing rights organization in the U.S. and continues to nurture new talent and new music.
“We’re thrilled to be partnering with Bridger, a company that shares our values and is committed to supporting songwriters and composers. This partnership will enable us to better serve our members and provide them with more opportunities to succeed.” – BMI
About Bridger
Bridger is committed to supporting songwriters and composers with innovative royalty collection solutions. Designed as an intuitive and easy-to-use copyright management platform, Bridger enables songwriters to register their musical works within minutes and unlock additional revenue streams beyond their digital distributor.
About Winamp
Winamp is redefining the music experience by creating an innovative platform that strengthens the connection between artists and fans. We provide powerful tools that empower creators to manage their music, grow their audience, and maximize their revenue-all while delivering a seamless listening experience through the Winamp Player.
About Llama Group
Llama Group is a pioneer and leader in the digital music industry. With extensive expertise across various sectors, the group owns the iconic Winamp platform, the Bridger copyright management company, and the Jamendo music licensing company. Llama Group’s ambition is to build the future of the music industry through sustained investment in a range of innovative solutions and in the talent and skills of people who love music. The group stands by its brand values: empowerment, access, simplicity, and fairness. Winamp’s vision is a world where a cutting-edge music platform connects artists and their fans like never before. Bridger’s mission is to support songwriters and composers by providing a simple and innovative solution for collecting royalties. Jamendo enables independent artists to generate additional income through commercial licenses. Finally, Hotmix offers a bouquet of more than sixty thematic and free digital radio stations.
