September 5, 2007 - Film Music Magazine

FILM MUSIC NEWS
BMI Announces Record
Revenues of $839 Million
BMI President and CEO Del R. Bryant
US performing rights organization BMI
has announced record revenues of over $839
million and distribution of over $732 million
in royalties for its 2006-2007 fiscal year, an
eight percent increase over the prior fiscal
year.
The organization also announced that that
overhead dropped to 12.7 percent, the lowest
in the company’s history.
According to the organization,
the increased usage of BMI¹s diverse
repertoire throughout many
broadcast mediums has, over the
past several years, recast the traditional
revenue structure from
one dominated by conventional
over-the-air broadcasting to a
new picture in which cable networks,
satellite audio and video
services, and digital media contribute
increasingly significant
revenue streams. Revenues from
cable, satellite audio and video
services grew $11 million, and
BMI licensed almost 500 new digital
media properties and reached
long-term agreements with several
major web services.
Revenues from eating-anddrinking
establishments, hospitality,
retail andservice establishments
also increased substantially,
reaching more than $93 million.
BMI’s foreign revenue benefited
from increased market-share and
favorable exchange rates, growing
to more than $227 million.
“The dynamic growth and continued popularity
of the BMI catalog have made these outstanding
financial results possible at a time
of unprecedented change in the media and
entertainment business,” said BMI¹s President
and CEO Del Bryant. “Our success is a
reflection of developing win-win businesssolutions
for both our affiliated songwriters and
our customers, enabling us to respond to significant
changes in our business environment
that are part of the continued transition from
the analog world to the digital.”
BMI’s fiscal year runs from July 1 to June
30. BMI’s financial information excludes
Landmark Digital Services, LLC, a wholly
owned subsidiary.
Sonivox Expands
DVI Virtual
Instruments
Sonivox, formerly Sonic Implants, has announced
the expansion of their Downloadable
Virtual Instrument (DVI) line of products and
will now offer 46 downloadable virtual instruments.
Each Sonivox DVI product is downloadable
and instantly playable as a plug-in or as a
standalone instrument. Some of the latest DVI
offerings include orchestral stings, brass, ethnic
tonal & percussion instruments, electronic
instruments, guitars and basses.
The Sonivox DVIs are PC, standalone,
VSTi and RTAS and are priced from $11.95
to $79.95. The company states that Macintosh
compatibility will follow this fall. The
DVIs are available at Sonivox’s online store at
http://www.sonivoxmi.com.
FILM MUSICweekly
ISSUE 29 • SEPT. 5, 2007 3