Acknowledging rapid growth in the digital music space, SoundExchange made executive and technical team hires and added data and claims departments last year. In a statement reviewing 2011, SoundExhange also touted other accomplishments including:
- Conducting 80+ database matches with a variety of organizations from Harry Fox to several digital distributors to register artists and rights owners.
- Registering 15,300 new artists, labels and rights holders in 2011; up from nearly 12,000 in 2010.
- Expanded international reach, concluding several new reciprocal agreements to exchange royalties with foreign counterparts
- Increased capacities for processing royalty data and payments through technical overhaul that will continue throughout 2012.
SoundExchange is the non-profit performance rights organization (PRO) appointed by the Copyright Royalty Board to collect and distribute statutory performance royalties owed to recording artists and sound recording copyright owners. SoundExchange royalties are paid by Internet radio, satellite radio and cable TV music-only channels for their use of sound recordings, and are distributed by SoundExchange to recording artists, record labels, and a non-featured artist fund.