> ## Content Index
> Fetch the complete content index at: https://www.hypebot.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Bankrupt iHeartMedia Owes Musicians Millions
- URL: https://www.hypebot.com/bankrupt-iheartmedia-owes-musicians-millions/
- Published: 2018-03-15T11:58:00.000Z
- Updated: 2018-03-15T11:58:00.000Z
- Description: Included in the mountains of documents filed in preparation for last night's iHeartMedia bankruptcy were lists of unpaid bills. Alongside $20 billion in debts to bondholders were performing rights organizations,. Continue reading [https://www.hypebot.com/hypebot/2018/03/bankrupt-iheartmedia-owes-mus
- Author: Bruce Houghton
- Tags: DIY Advice & Tips, Music Business, Radio & Satellite, Songwriting & Music Publishing, Streaming, DIY, DIY musicians, iHeart, iHeartMedia, iHeartRadio, indie, music, music industry, Music Tech, musician, musicians, radio, #wp, #wp-post, #Import 2026-01-21 10:05

[![Money on fire](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c9587202970b-200wi "Money on fire")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c9587202970b-popup?ref=hypebot.com)Included in the mountains of documents filed in preparation for last night's [iHeartMedia bankruptcy](https://www.hypebot.com/iheartmedia-files-chapter-11-bankruptcy/) were lists of unpaid bills. Alongside $20 billion in debts to bondholders were performing rights organizations, record labels, a music streamer, and others that return revenue to musicians.Here's a partial list of the millions of dollars that [iHeartMedia](https://www.hypebot.com/iheartmedia-files-chapter-11-bankruptcy/) owes musicians and music companies:

**SoundExchange** $6.4 million

**ASCAP** $1.4 million

**BMI** $1.4 million

**Global Music Rights** $2 million

 **Warner Music Group** $3.9 million

**Universal Music Group** $1.3 million (more than 5o% of Spotify revenue is paid to rightshoders)

**Nielsen** $20 million (Nielsen gathers music data for Billboard and others)

**Will They Ever Be Paid?**Today's filing wiped out half of iHearts $20 billion in debt, but its unclear what means for iHeartMedia's music company creditors.iHeart [claims](https://www.hypebot.com/iheartmedia-files-chapter-11-bankruptcy/) it will continue "operating the business in the ordinary course," and that "cash on hand together with cash generated from ongoing operations will be sufficient to fund and support the business during the Chapter 11 proceedings." But if the company follows the pattern of many other companies in Chapter 11, that could mean pennies on the dollar for the millions own to musicians and rightsholder.

**MORE: [iHeartMedia Files Chapter 11 Bankruptcy](https://www.hypebot.com/iheartmedia-files-chapter-11-bankruptcy/)**