Why will BMI 2nd Qtr payment be Jan '17 not Dec?

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This topic contains 6 replies, has 4 voices, and was last updated by  Pat 2 months, 3 weeks ago.

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  • #26125 Reply

    Pat
    Participant

    The last BMI payment was 9/16 so can somebody tell me why the next payment is Jan 13 instead of somewhere around 13 Dec? That seems to me like almost an extra month to wait.
    thx

    #26126 Reply

    Frequencee
    Participant

    Pat,

    If I’m not mistaken the regular royalty payment schedule has been the following:

    January (Q2 of the prior year)
    March (Q3 of the prior year)
    June (Q4 of the prior year)
    September (Q1 of the current year)

    Bummer for that 4 month gap between September and January’s distribution however I guess it make up for it since we get two payouts close together at the start of the year.

    #26127 Reply

    daveydad
    Participant

    Always wondered about that myself…. would love to get a little $$$ before Christmas!

    #26128 Reply

    MichaelL
    Participant

    Year end taxes.

    #26129 Reply

    Frequencee
    Participant

    Agreed! @daveydad

    Don’t our ASCAP friends get more frequent payouts throughout the year? I thought I’ve seen that they break up the domestic and international separately.

    #26130 Reply

    MichaelL
    Participant

    I’ve seen that they break up the domestic and international separately.

    Domestic and international distributions, as well as publisher distributions are at different times.

    #26131 Reply

    Pat
    Participant

    Thanks for the responses guys. I looked at previous statements and I guess I just never noticed that it’s always been that way but like Frequencee said, at least there are two statements close together at the beginning of the year so It all works out.

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