SoundExchange Ends Year With Record
Jan 28, 2015 2:12 PM
WASHINGTON� >SoundExchange says total year-end royalty payments were up 31 percent from 2013, reaching approximately $773 million for 2014, a new record.
The fourth quarter 2014 distribution also increased from the previous year with more than 38,800 payments totaling approximately $183 million. SoundExchange royalties are paid by more than 2,500 non-interactive Internet radio, satellite radio and cable radio services for their use of sound recordings.
In addition, this year SoundExchange launched Project72, a campaign to ensure fair pay for artists who recorded their music before 1972, in support of the RESPECT Act. The organization also issued quarterly Digital Radio Reports and hosted SoundExchange Influencers Series at the Bluebird Caf� in Nashville, Tenn. The group also introduced year-end charts naming the Top Streaming Artists, Top Recordings and Top Breakout Artists.
Michael Huppe was also brought on as president and CEO, a post he will hold through 2018.
SoundExchange collects statutory royalties on behalf of recording artists and master rights owners for the use of their content on satellite radio, Internet radio, cable TV music channels and other services that stream sound recordings.