Corporate Profile for BMI, dated December 1, 1995.

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Published date:   December 1, 1995

Company name:     BMI

Address:          320 West 57th Street
                  New York, NY  10019

Telephone No.:    212/586-2000

Chief Executive
 Officer:         Frances W. Preston

Chief Financial
 Officer:         Fredric J. Willms

Public Relations
 Contact:         Robbin Ahrold
 Business number: 212/830-2502

Industry:         Music performing rights

Company description: BMI is an American performing rights organization which represents more than 115,000 U.S. songwriters and composers and 55,000 U.S. publishers. The company collects license fees on behalf of those American creators it represents, as well as for the thousands of creators from around the world who have chosen BMI for U.S. representation. The fees for the "public performances" of its repertoire of more than 3 million compositions including radio airplay, broadcast and cable television carriage, and live and recorded performances by all other users of music are then distributed as royalties to the writers and copyright holders it represents.

BMI's list of affiliates is unsurpassed. Among the songwriters it represents are such classic songwriters in different musical genres as Leadbelly, Hank Williams Sr., Dave Brubeck, Chuck Berry, Little Richard, The Beatles, Holland-Dozier-Holland, Antonio Carlos Jobim and the Beach Boys, to name just a handful. The organization also represents such current chart toppers as Janet Jackson, Gloria Estefan, Boyz II Men, Babyface, Mariah Carey, Ace of Base (STIM), Toni Braxton, Jon Secada, Seal (PRS), Michael Bolton, Alanis Morrissette, Des'ree (PRS), The Cranberries (PRS), Sheryl Crow and R. Kelly.

BMI was founded in 1940 as a non-profit making corporation to open the door to performing rights representation for songwriters and composers of all types of music, many of whom were not eligible under the membership guidelines of the older American performing rights societies. BMI offered first time representation to songwriters of blues, jazz, R&B, gospel, folk, country, Spanish language and other types of American music. As several of these musical trends converged to produce a new music called "rock & roll," BMI became the preeminent performing rights organization representing songwriters of this new genre. The organization quickly made reciprocal agreements with sister performing right organizations around the world.

BMI's pop, rock, R&B, country and jazz repertoire is unparalleled. A listing of the Top 100 singles of the rock era by Rolling Stone magazine showed BMI represented 75% of the works. More than 75% of the inductees into the Rock and Roll Hall of Fame are represented by BMI, as are more than 80% of the Country Music Hall of Fame inductees, and more than 90% of those honored with Pioneer Awards by the Rhythm & Blues Foundation.

CONTACT: BMI