Morgan and Miley led Sony to another win while Chapman's Purple Rabbit Music achieved a rare feat thanks to Luke Comb's smash cover.
New Mountain Capital is buying the performance rights organization, sources tell Billboard.
The Mexican band's independent label, Music VIP, is also part of the agreement.
The move reunites the songwriter-producer with Jennifer Knoepfle.
Amid a possible BMI sale, several organizations representing songwriters are asking where any profits may wind up.
The complicated process of readjusting royalties owed for the 2018-2022 will include settling over- and under-payments.
The Radio Music Licensing Committee is still awaiting the outcome of appeal, in effort to combine the processes and pit the PROs against each other.
Not to be confused with Phonorecords IV, covering royalty rates for the 2023-2027 term, which were approved last year.
The acquisition by Round Hill, which also purchased a stake in Big Loud Shirt founder Craig Wiseman's song rights, brings its ownership stake to 100%.
A new wave of publishing rights to classic song catalogs may open up to investors thanks to U.S. copyright law, but master recordings are another story.
