SoundExchange Pays $204.4 Million In Digital Royalties Since Beginning Of 2012
today that is it has distributed $204.4 million in digital royalty payments to artists
and labels in the first two quarters of 2012. In its second quarter alone, the
nonprofit PRO distributed $95.8 million, the second highest quarterly
distribution in the organization's history.
really been on a mission lately to get musicians and labels paid. After a recent
partnership with Bandpage,
and the releasing of list of unclaimed digital royalties,
the organization is taking sizeable measures to raise awareness that people are
owed money and people need to get paid. Since inception, SoundExchange has paid out
more than $1 billion in digital royalty payouts.
distribution adds to what is shaping up to be a record breaking year for
SoundExchange and reflects the continued growth of digital radio listenership
and services," said SoundExchange president, Michael Huppe.
"SoundExchange is proud to be part of this growing revenue stream for the
creators of music. We will continue to pursue all efforts to ensure that artist
and labels are properly compensated for their critical contributions to these
represents tens of thousands of artists and labels and works with more than 1,800 digital music platforms that rely on the organization for their digital sound
recording licensing rights.