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Broadcast Music, Inc. (BMI) is an organization that collects and distributes royalties and licensing fees in order to protect the copyrights of its members. The organization sponsors an annual awards gala honoring its top members. Founded in 1939, it is the world’s largest music rights organization. It tracks the public performance of more than 10.5 million works worldwide and issues licenses to companies like nightclubs, radio stations and digital music providers. BMI’s Nashville offices are located on Music Square East.