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

[Pat]

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

[Frequencee]

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.

[daveydad]

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

[MichaelL]

Year end taxes.

[Frequencee]

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.

[MichaelL]

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.

[Pat]

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.

[Author]

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