BMI Reports Increased Revenues for 2010

Film Music Magazine • September 23, 2010

BMI has announced that it generated more than $917 million in revenues for its 2010 fiscal year ended June 30, including its subsidiary Landmark Digital Services, LLC. The company also announced distributable royalties of more than $789 million for the songwriters, composers and copyright owners it represents. BMI represents more than 475,000 songwriters, composers and music publisher affiliates.

BMI reported a $30 million increase in revenues from New Media, cable and satellite audio and video programming services. These gains more than offset a decline in radio and television license fees and adverse movement in foreign exchange rates during the January-June period.

The revenue increase in the just concluded fiscal year caps a decade in which BMI’s revenues have increased by 70% and royalty distributions by 75%, while the overhead rate was reduced by almost 15%.

Said BMI President & CEO Del Bryant, “Our ability to expand market share, develop and execute strategies to grasp new licensing opportunities, diversify revenues, and develop industry-leading technology solutions has enabled BMI to maintain strong royalty distributions and be a rare island of stability for our songwriters, composers and music publishers in a fast-changing industry and tumultuous economy.”

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