SoundExchange sent record $153.7m to labels and artists in Q3 2013
SoundExchange distributed a record $153.7 million to labels and artists in Q3 2013 – a 25.5% increase year-on-year.
The figure was 74.7% up on the organisation’s $88 million Q3 2011 payment total and, as SoundExchange celebrates its 10th birthday this year, a whopping 5023.3% on top of the £3 million it distributed in 2003.
SoundExchange has delivered more than $1.5 billion in digital performance royalties during its time in operation.
“Music is more accessible now than ever before; today, ...
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