BMI operates on a non-profit-making basis and returns approximately 87% of all revenue to the musical creators and copyright owners it represents.
BMI’s digital revenue exceeded $100 million, the first U.S. PRO to achieve this important milestone. Revenue from all media licensing, including radio, television and cable and satellite entertainment, also saw record levels at $484 million, with cable and satellite entertainment accounting for the largest portion of BMI’s domestic revenue for the second consecutive year. Additionally, general licensing revenue, including license fees from bars, hotels, fitness facilities and restaurants, along with other income, achieved a record high $137 million. International revenues came in at a strong $292 million, despite significant economic challenges overseas. While down 5% in USD from last year, the company overcame a $28 million negative impact to international revenues caused by lower foreign exchange rates due to the strengthening dollar.
BMI processed nearly 600 billion performances, more than 500 billion of which were digital, a 25% increase from last year. More than 1.2 million unique musical works were identified across the various digital services.
(link below)
http://www.bmi.com/news/entry/bmi_reports_record_breaking_revenues_of_over_1_billion
Thursday, September 10, 2015
MUSIC NEWS: BMI REPORTS OVER REVENUES OF OVER $1 BILLION FOR 2015
BMI today announced record-breaking revenue and royalty distributions for its fiscal year ended June 30. BMI generated total revenues of $1.013 billion, the highest in the company’s history and the most public performance revenue generated for songwriters, composers and publishers by any music rights organization in the world. In addition, BMI distributed and administered $877 million to its affiliated songwriters, composers and music publishers, a nearly 4.5% increase over last year and the company’s largest distribution ever.
BMI operates on a non-profit-making basis and returns approximately 87% of all revenue to the musical creators and copyright owners it represents.
BMI’s digital revenue exceeded $100 million, the first U.S. PRO to achieve this important milestone. Revenue from all media licensing, including radio, television and cable and satellite entertainment, also saw record levels at $484 million, with cable and satellite entertainment accounting for the largest portion of BMI’s domestic revenue for the second consecutive year. Additionally, general licensing revenue, including license fees from bars, hotels, fitness facilities and restaurants, along with other income, achieved a record high $137 million. International revenues came in at a strong $292 million, despite significant economic challenges overseas. While down 5% in USD from last year, the company overcame a $28 million negative impact to international revenues caused by lower foreign exchange rates due to the strengthening dollar.
BMI processed nearly 600 billion performances, more than 500 billion of which were digital, a 25% increase from last year. More than 1.2 million unique musical works were identified across the various digital services.
(link below)
http://www.bmi.com/news/entry/bmi_reports_record_breaking_revenues_of_over_1_billion
BMI operates on a non-profit-making basis and returns approximately 87% of all revenue to the musical creators and copyright owners it represents.
BMI’s digital revenue exceeded $100 million, the first U.S. PRO to achieve this important milestone. Revenue from all media licensing, including radio, television and cable and satellite entertainment, also saw record levels at $484 million, with cable and satellite entertainment accounting for the largest portion of BMI’s domestic revenue for the second consecutive year. Additionally, general licensing revenue, including license fees from bars, hotels, fitness facilities and restaurants, along with other income, achieved a record high $137 million. International revenues came in at a strong $292 million, despite significant economic challenges overseas. While down 5% in USD from last year, the company overcame a $28 million negative impact to international revenues caused by lower foreign exchange rates due to the strengthening dollar.
BMI processed nearly 600 billion performances, more than 500 billion of which were digital, a 25% increase from last year. More than 1.2 million unique musical works were identified across the various digital services.
(link below)
http://www.bmi.com/news/entry/bmi_reports_record_breaking_revenues_of_over_1_billion
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