Publishing & Songwriting

SoundExchange Pays $204.4 Million In Digital Royalties Since Beginning Of 2012

6a00d83451b36c69e201774423b498970d-800wiSoundExchange announced
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.


SoundExchange has
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.

"This quarter's
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
services."

SoundExchange
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.

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

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3 Comments

  1. Would be awesome if they had any reasonable transparency in their tracking system, if they could keep song records, not just general band lineup records, AND if they could pay me the $600 they keep telling me that they owe me. I’ve never dealt with a less efficient, more poorly designed organization in my life.

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