Mi2N.com - SoundExchange Ends Record-Setting Year With $462 Million In Total Distributions

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 \| MusicDishChina \| 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

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.

back | top

Mi2N Music PR

Switchback's New Album "Kanoka" Just Released

Taiwan's DJ Code Composes Music For ASUS Transformer Trio Launch At Computex

Zebra Music Festival (Shanghai) 2013 At Jinshan Beach

Taiwanese Electro Act RED To Perform In Moscow For RAsia.com Festival

Debut Album DJ Babba - HEAR ME OUT Now Available

Indie Singer And Songwriter Travels To Paris To Perform At Alhambra Concert Hall As Well As Montmartre

Digital And Music Matters 2013 Concludes With Groundbreaking Success

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

News Headlines

Mi2N EDITOR'S PICKS

» UK Artistic Performers To Get Stronger Intellectual Property Protection

» CultureScout Offers A New Way To Explore Music, Integrates With Spotify Premium

» T2 Digital Seeks New DJ�s/Producers

» T Dance Digital Announces The �Get U Some Bizness� Video Contest

» BMI Files Rate Action Against Pandora

» Tongal Launches Music Division With Appointment Of Dennis Wolfe As VP Of Music Content And Partnerships

» Myspace Announces Official Launch Of New Platform Across Desktop And Mobile

» Taiwanese Electro Act RED To Perform In Moscow For RAsia.com Festival

» The GrandMothers Of Invention Featuring Legendary Zappa Alumni Don Preston & Napoleon Murphy Brock To Embark On 'One Size Fits All And More' US Tour

» Taiwan's DJ Code Composes Music For ASUS Transformer Trio Launch At Computex

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

Articles

MUSICDISH E-JOURNAL

» Zebra Music Festival (Shanghai) 2013 At Jinshan Beach
» China's First Overseas Paid Music Service MOOV Launches In Guangdong
» Taiwanese Electro Act RED To Perform In Moscow For RAsia.com Festival
» Taiwan's DJ Code Composes Music For ASUS Transformer Trio Launch At Computex
» Let's Talk About The 5 Best Television Soundtracks
» Innovative Personalized Artist Consulting Firm ArtistAdvisors Launched
» The Runaround Band In Xiamen, China
» Jamaster A Featuring Bi Bi Zhou - I Miss You Missing Me (Chinese Version)
» Underground 108 - 22 June 2013 (Chinese Version)
» Live Nation Further Expands Presence In Asia
» TypeWriter: First Singapore Band To Perform At Liverpool's The Cavern Club
» DOT Records Hosts Oxia Electronic China Tour In Duanwu Festival (Chinese Version)

Order an Mi2N Music PR package for an opportunity to submit a song for FREE to one of the hundreds of industry opportunities available through Music Xray

Copyright © 1997-2013 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.