How does BMIs licensing, reporting and payment process work?
Most BMI licenses are for an initial term of one year. Generally, licenses automatically renew for additional one-year periods unless either you or BMI give notice of cancellation. Reporting Your annual fee period may be broken up into reporting periods. At the end of each period, we will send you a BMI Report Form to fill out. Your fees will be adjusted for the current and/or previous reporting period based on this report. Some fee adjustments are also influenced by the current Consumer Price Index which is discussed in your agreement. Payment Process In the absence of receiving a report from you, we will bill you an estimated fee based on past music use and what our research has shown to be your current use. It is important that you use official BMI Report Forms, that you sign your report, and that you include any change in business name, address and/or phone number on the report.
