SoundExchange Releases List Of Unclaimed Digital Performance Royalties
SoundExchange continues its mission of rewarding musicians with their unclaimed digital performance royalties by today releasing a list of 50,000+ artist and label names owed tens of millions of dollars in royalty payments. This list also includes more than $31 million in royalties that are three or more years old ranging from $10 to more than $100,000, all of which have been collected by SoundExchange over the past decade.
“The digital music industry is continuing to grow, providing recording artists and record labels with an increasingly beneficial revenue stream,” said SoundExchange President Michael Huppe. “We are doing everything possible to make sure artists know that and capitalize on it.”
For those unfamiliar with SoundExchange, it is a nonprofit organization entrusted by the Library of Congress to collect and distribute royalties for sound recordings streamed on Internet radio, satellite radio and cable music services. The Copyright Royalty Board, created by Congress, has entrusted SoundExchange as the only entity in the United States to collect and distribute these digital performance royalties for featured recording artists and master rights owners.
“We want to get the money out of our bank account and into theirs – plain and simple,” added Huppe.
Since inception, SoundExchange has paid more than $1 billion in digital performance royalties to artists and labels. However, despite rising revenues and the organization’s increased outreach efforts, millions of dollars in royalties still remain unclaimed. With this list, they are encouraging artists and labels to view a searchable database located on its website to learn more and register to receive their share.
MORE: SoundExchange And BandPage Partner To Help Claim $2 Million In Unpaid Royalties
Hisham Dahud is a Senior Analyst for Hypebot.com. Additionally, he is the head of Business Development for Fame House and an independent musician. Follow him on Twitter: @HishamDahud
It’s great that you’ll only have to go to one place to get your royalties, but how is the oversight for this organization managed?
Right. I have also this question that How is the management for this company managed? By the way, it is a very nice post you have shared.
I alerted some of my artists and a few others of my acquaintance whose names I ran across.
Anyone know the suits at Pony Canyon?
This is long overdue.
I click on the Soundexchange links all over the place but the website comes up “not found” via Google. What gives?
how do I go about claiming my unclaimed royalties?
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