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# SoundExchange Pays Artists and Labels $162.4M, Biggest Q1 Ever
- URL: https://www.hypebot.com/soundexchange-pays-artists-and-labels-1624m-biggest-q1-ever/
- Published: 2014-06-19T12:15:00.000Z
- Updated: 2014-06-19T12:15:00.000Z
- Description: SoundExchange paid $162.4 million in royalties to artists and record labels in the first three months of 2014, according to figures released today. To date, they have paid out more than $2 billion in. Continue reading [https://www.hypebot.com/hypebot/2014/06/soundexchange-pays-artists-and-labels-162
- Author: Bruce Houghton
- Tags: DIY Advice & Tips, Music Tech, Streaming, #wp, #wp-post, #Import 2026-01-21 10:38

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SoundExchange paid $162.4 million in royalties to artists and record labels in the first three months of 2014, according to figures released today. To date, they have paid out more than $2 billion in royalties with payments come from both subscription and ad-supported non-interactive streaming services.

The new stats come as part of SoundExchanges first ever [Digital Radio Report](http://digitalradioreport.soundexchange.com/?ref=hypebot.com) which will share payments stats along with a state of digital radio streaming for artists and labels quarterly.

Some highlights of the new report:

- $162.4 million – paid to recording artists and record labels in Q1 2014\. SoundExchange’s largest Q1 payment to date
- $7 billion – total U.S. recorded music industry revenue in 2013
- 8.4% – SoundExchange portion of U.S. recorded music revenue
- 41.3 % – SoundExchange percentage of total U.S. music streaming revenue in 2013
- 38% – SoundExchange payment increase from Q1 2013 to Q1 2014
- 21% – percentage of music revenue from streaming in 2013
- 2,500 – number of digital radio providers now using the statutory license that SoundExchange administers (up from 2,200 in 2012)

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