MI2N
Music Industry News Network
SATURDAY, MARCH 28TH
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Business News (more headlines) 01-20-2013

SoundExchange Ends Record-Setting Year With $462 Million In Total Distributions

Bookmark and Share
SoundExchange announced a new record with total year-end royalty payments reaching approximately $462 million (up 58 percent from the prior year). Fourth quarter 2012 distribution also increased with more than 22,000 payments totaling approximately $134.9 million, a nearly 10 percent increase from its Q3 2012 distribution of $122.5 million.

The royalties are paid by Internet radio, satellite radio and cable radio services for their performance of sound recordings, and are distributed by SoundExchange to recording artists and record labels.

"SoundExchange's increasing annual royalty payments are a positive indication of where the industry is heading. As digital radio continues to grow, so should the amount that performing artists and rights owners receive for the use of their content," said SoundExchange President Michael Huppe. "Our distribution represents another record-breaking year for SoundExchange, but more importantly, it means more money in the pockets of the creators of music. We're optimistic about the industry's future, and look forward to maximizing digital performance royalties for the people we serve and finding new ways to propel the music industry forward."

Also in 2012, SoundExchange made several significant organizational enhancements and accomplishments, including:

* Announced more than $1 billion in royalties paid to the creators of music since the organization's inception.
* Reached thousands of artists and record labels through ongoing outreach as well as several high-profile and effective database matches with partner organizations such as BandPage, CD Baby, American Federation of Musicians (AFM) and The AFM and AFTRA Intellectual Property Rights Distribution Fund ("The AFM and AFTRA Fund").
* Launched a new online platform to streamline registration and membership process, resulting in the registration of more than more than 15,000 new artists, labels and rights holders in 2012.
* Created a dedicated International department, and signed 10 new agreements for the exchange of royalties with foreign counterparts.
* Increased capacities for processing royalty data and payments through technical overhaul that will continue throughout 2013.

SoundExchange maintains one of the lowest administrative rates in the industry, with an administration rate of 5.3 percent in 2011.

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

The Underground Presents PLANETROX China 2015

Dramatic New Solo Piano Album Represents Several "Firsts" For Award-Winning Artist Fiona Joy And Cookie Marenco’s Blue Coast Music Group

On Easter Sunday 2015, The Light Will Shine In The Darkness

Meresha - 1st Ever World Music Premier On The #1 Social Media Startup Tsu April 7

Legendary Stax Guitarist Steve Cropper And Rock Newcomer Matt Miller Make Beautiful Music Together

Taiwan's Bearbabes Answer "How To Love" With Upcoming Performances

Aleynu. New Video From LENKA LICHTENBERG Is Upon Us!

Celebrate Music For Women's History Month With Taking Back Eden



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» Headliner Entertainment Expands Its Talent Platform
» Audyssey Music Player Now Integrates With Spotify
» UL Sounds Signs New Deals With Hennessy, Gatlin And Spyda The Boss
» Contest Alert: MR. GOSHNESS Teams Up With PureGrainAudio For Video Cover Contest
» SoundExchange, NPR And The Corporation For Public Broadcasting Ink Long-Term Agreement For Webcasting Royalty Rates
» Music For All Announces Staff Promotion
» Vocal And Instrumental Music Online Training Programs By GAALC
» THE UNDERGROUND PRESENTS PLANETROX CHINA 2015
» On Easter Sunday 2015, The Light Will Shine In The Darkness
» Indie Folk Duo March To May Sign With MTS Management Group


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» Veteran Chinese Rocker Wu Tong Presents "Song Of The Sheng"
» Inner-Mongolian Indie Band Ajinai's World Tour Launches In Toronto
» 26th Annual Golden Melody Awards & Festival
» Toyota 'Feeling The Street' Global Street Music Campaign
» MusicDish*China Review: 'Chinese Kiss' From Chinese Music To Hip Hop
» JUE | Music + Art Presents Awesome Tapes From Africa
» Students, Musicians And Filmmakers Unite For The 'Take Me To The River' Education Initiative Launch
» ASCAP CEO Elizabeth Matthews Testifies For Senate Judiciary Subcommittee
» JUE | Music + Art Launches 7th Edition In Beijing & Shanghai
» Kenney Shiu Appointed New Director Finance & A&R At BMG China
» Dutch Indie-Rock/Modern Wave Band Atlantic Attraction Tours China
» The Seven Mile Journey Announces China Tour

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2015 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.