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SoundExchange Announces $51.7 Million In Q1 Payments To Artists, Labels April 21, 2010

Posted by David W. King in Uncategorized.
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SoundExchange, the non-profit performance rights organization appointed by Congress to pay digital royalties to recording artists and sound recording copyright holders, announced that it has begun sending out checks in its largest-ever quarterly distribution. A total of $51.7 million in royalties from digital transmissions, including Internet radio, satellite radio, and cable TV music channels, are on their way to recording artists and copyright holders. The unprecedented amount represents a 135% increase over first quarter payments last year, and surpasses the previous record distribution by nearly $10 million.