SoundExchange paid rights-holders $122.5m in Q3
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 ...
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