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Proceeds from BMI Sale
3 Months Ended
Mar. 31, 2025
Investments, All Other Investments [Abstract]  
Proceeds from BMI Sale
(3)
Proceeds from BMI Sale

 

On March 8, 2024, the Company received $6.0 million related to the sale of an investment in Broadcast Music, Inc. (“BMI”) and recorded a gain of $6.0 million. The gain on sale of investment is reported in the accompanying condensed consolidated statement of net income for the three months ended March 31, 2024. After the sale, the Company no longer holds an investment in BMI.