BMI Annual Report: TV Remains Largest Revenue Source, Western Europe Largest Intl Revenue Source
BMI has released its 2009 Annual Review which has highlighted several aspects of the organization’s operations.
including a breakdown of domestic licensing income by category:
Television (cable & satellite): 29%
Broadcast Television: 17%
Radio: 36%
General Licensing: 16%
New Media: 2%
According to the report, BMI had revenues in fiscal year 2009 of over $905 million and royalty distributions totaling more than $788 million, indicating an operating expense of approximately 13%.
The organization’s international revenue was dominated by income from Western Europe:
Western Europe: 68.8%
Asia Pacific: 13.6%
Other: 17.6%
The organization’s new media revenues grew by 11%, including a portfolio of 6,700 digital media properties under license to BMI.
“As BMI marks its 70th anniversary in the year ahead,” said BMI’s President & CEO Del Bryant, “we know we will be looking at an extremely difficult economic environment. We will maintain our intense focus on efficiency and cost containment. We anticipate tough discussions as we negotiate new agreements for the use of our repertoire. However, we are encouraged by the steady growth in our market share, and by the expanded use of music by both traditional and digital media, two dynamics that drive our licensing revenues. These factors reinforce our ability to meet the challenges of this volatile economic landscape, provide a point of stability to our songwriters, and produce added value to our customers as the economy works its way toward recovery.”
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