SoundExchange Is 10
     

SoundExchange, the independent performance rights organization that collects and distributes digital performance royalties, says it has distributed more than $1.5 billion to music creators.

The nonprofit organization, which distributes streaming music royalties for satellite radio, Internet radio and cable TV channels, is now 10 years old.

SoundExchange says the organization’s third-quarter 2013 payments of $153.7 million mark the highest quarterly payment to recording artists and record labels to date. That compares to a $3 million distribution for all of 2003 and “reflects tremendous growth in the industry,” according to the organization.

“Music is more accessible now than ever before. Today, a single sound recording can be streamed millions of times by listeners across the globe,” says SoundExchange President/CEO Michael Huppe.

Click to see SoundExchange 10 Years in Play infographic.

 


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