Indiana Finishes FY '16 In The Black For 11th Straight Year, Fueled By Record Ticket Profits
Indiana Univ. finished its FY '16 with a net profit of a little more than $1M, marking the 11th-consecutive year in which the department has "finished in the black," according to Zach Osterman of the INDIANAPOLIS STAR. IU finished '16 with revenues exceeding $95.2M, up from $88.36M last year, and "more than double what the department reported" in '07, the last year before Big Ten Network money began "filling coffers across the conference." IU reported "record profits from ticket sales and contributions numbers." IU made $17.39M in ticket sales in '16 and $20.09M in contributions. IU also reported an increase of more than $3M in "rights/licensing" revenues. IU in '15 reported $46.25M under rights/licensing headings. Last year, that number rose to $49.69M (INDIANAPOLIS STAR, 2/16).