SoundExchange paid rights-holders $122.5m in Q3

Tom Pakinkis

US digital collection society SoundExchange saw its biggest quarterly pay-out in Q3 this year, passing on $122.5 million in royalties to rights-owners.

That compares to $108.6 million in the first quarter. For the year to date, the organisation has paid $326.9 million in royalties compared to $292 million in 2011. 

SoundExchange boasts around $1.2 billion in master rights performance royalties in total.

"This distribution represents yet another record-setting quarter for SoundExchange, but means so much for the recording artists and record labels that rely upon this growing revenue stream," said SoundExchange president Michael Huppe in a statement.

"Musicians and rights owners -- both superstars and rising stars -- have come to depend on these royalty payments. We are proud to help facilitate this growth and are passionate about our work in protecting this revenue stream, and moving the music and creative community forward."

Source: Billboard


Tags: Digital, royalties, Rights, SoundExchange

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