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SoundExchange Issued $252M in Royalties In 2010

SoundExchange had its biggest year to date in 2010 wherein it dispersed $252 million in digital royalties. This brings its overall distribution to more than $600 million. Such royalty pay-out. Continue reading [https://www.hypebot.com/hypebot/2011/03/soundexchange-distributes-252m-in-royalties-in-20

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Sound-Exchange-Logo SoundExchange had its biggest year to date in 2010 wherein it dispersed $252 million in digital royalties. This brings its overall distribution to more than $600 million.Such royalty pay-out increases can be attributed to the success and growth of streaming services; increased awareness among artists and copyright holders of the need to register; and improved processing of previously unpayable balances through data clean-up. In 2010, the average royalty payment for artists was up 80% from 2009 to $2,800 and for rights holders it was up 39% to over $14,000.To President Michael Huppe, these revenues are "an industry success story."

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