Fairness Rocks News SOUNDEXCHANGE PAID $953M TO ARTISTS AND LABELS LAST YEAR – AN ALL-TIME RECORD

Home Industry News SOUNDEXCHANGE PAID $953M TO ARTISTS AND LABELS LAST YEAR – AN ALL-TIME RECORD

Author: TIM INGHAM

Date: January 30, 2019

Original Source: Music Business Worldwide

Industry News

SOUNDEXCHANGE PAID $953M TO ARTISTS AND LABELS LAST YEAR – AN ALL-TIME RECORD

US-based collection and licensing society SoundExchange paid $952.8m to artists and record labels in 2018.

That figure was up 46.2% on 2017, when the organization distributed $652m to its recorded music members.

The 2018 payout would have included a $150m settlement agreed with Sirius XM, which was passed to SoundExchange on or before July 7 last year.

Read more: https://www.musicbusinessworldwide.com/soundexchange-paid-953m-to-artists-and-labels-last-year-an-all-time-record/