Around $2.3 Million in Music Royalties Unclaimed
Media and entertainment union SAG-AFTRA and SoundExchange urge members to sign-up to claim music royalties they may be owed.
SoundExchange is the independent organization that collects and distributes royalties for the streaming of sound recordings on digital radio. When sound recordings are streamed on certain digital services, (like iHeartRadio or Pandora,) as well as satellite radio, Internet radio and cable TV music channels, SoundExchange collects a royalty on behalf of both performers and copyright holders, as directed by U.S. Copyright Law.
SAG-AFTRA and SoundExchange have combined efforts and say they’ve identified a possible $2.3 million in unclaimed royalties for the use of their members’ recordings from digital radio services. Through an “extensive” crosscheck of their databases, SAG-AFTRA and SoundExchange have identified nearly 2,000 union member performers who are potentially owed royalties.
SoundExchange and SAG-AFTRA are writing letters and emails alerting members to the unclaimed money. Members must complete a SoundExchange online registration to get the funds.
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