SoundExchange payouts pass $10B, named Music Biz Impact Award winner

SoundExchange distributions of digital music streaming royalties have passed $10 billion as the organization celebrates its 20th anniversary.

SoundExchange passed the $10 billion cumulative mark in direct payments to music creators and rights holders with its 162nd distribution in March of this year.

“Crossing the $10 billion threshold and celebrating our 20th anniversary demonstrate our dedication to serving the entire music industry,” said Michael Huppe, President and CEO of SoundExchange. “Over the past 20 years, we have grown into a global music tech organization distributing around $1 billion annually to a creator community of more than 650,000.”

SoundExchange represents 42% of all global neighboring rights collections and is the largest global neighboring rights organization in the world, collecting royalties in 50 countries on behalf of 370,000+ creators.

Music Business Association Impact Award for Technological Excellence

In recognition of SoundExchange’s importance to the music business ecosystem, the company is the recipient of the Music Business Association’s inaugural Impact Award for Technological Excellence. Huppe will accept the honor today during the Music Biz 2023 conference in Nashville.

Bruce Houghton is Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a Berklee College Of Music professor.