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# SoundExchange distributions grew 4% to $947M last year
- URL: https://www.hypebot.com/soundexchange-distributions-grew-4-to-947m-last-year/
- Published: 2021-06-22T13:17:59.000Z
- Updated: 2021-06-22T13:18:01.000Z
- Description: SoundExchange announced today that despite the pandemic it had distributed $947 million in performance royalties to creators during the fiscal year 2020. That’s a $39 million increase from 2019, marking. Continue reading [https://www.hypebot.com/hypebot/2021/06/soundexchange-distributions-grew-4-to-
- Author: Bruce Houghton
- Tags: Music Tech, Songwriting & Music Publishing, Streaming, #wp, #wp-post, #Import 2026-01-21 09:48

SoundExchange announced today that despite the pandemic it had distributed $947 million in performance royalties to creators during the fiscal year 2020.

That’s a $39 million increase from 2019, marking a 4% growth year-over-year with an operating administrative rate of 5.3%.

The digital music PRO has distributed nearly $8 billion to creators since its 2003 launch.

“Music was among the industries hit hardest by the COVID-19 pandemic,” said **Michael Huppe, President & CEO, SoundExchange**. “With venues shuttered and touring revenue effectively non-existent, digital royalties represented the lifeblood and primary income source for a large segment of the music industry.”  
  
SoundExchange collects and distributes digital performance royalties on behalf of nearly 250,000 recording artists’ and master rights owners’ accounts.

**Bruce Houghton* is Founder and Editor of [Hypebot](https://www.hypebot.com/) and [MusicThinkTank](http://www.musicthinktank.com/?ref=hypebot.com) and serves as a Senior Advisor to [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com) which acquired both publications in 2019\. He is also the Founder and President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com) and a professor at the [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com) online.*