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SoundExchange Q2 Payments Up 8% To $161 Million

image from blogs.tennessean.comThe shift in revenue from sales to streaming continues with SoundExchange paying $161 million in the last quarter to artists and labels. It the largest Q2 payment to date and an 8% increase in payments from 2,500 digital radio services in Q2 2013 to Q2 2014. SoundExchange second quarter 2014 highlights:

image from www.multivu.com

  • $161 million paid directly to artists and labels
  • 8% increase in payments from Q2 2013 to Q2 2014
  • 22,343 payees in Q2 2014
  • 34% increase in number of payees from Q2 2013 to Q2 2014
  • $323.6 million paid directly to artists and labels YTD
  • 45% of royalties paid directly to the recording artist
  • 5% of royalties paid to backup musicians and session players via AFM and SAG–AFTRA

image from www.multivu.com

 

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