US royalties agency SoundExchange has announced that it paid $89.5m out in the last quarter of 2011, taking it to $292m for the year – up 17% on 2010. The body has now distributed more than $900m since it was set up. SoundExchange says it registered 15,300 new artists, labels and rightsholders in 2011, up from 12,000 in 2010. The $89.5m was spread over more than 18,000 payments. “Our growth is encouraging news for the industry, and for the performers who put their heart and soul into the music we enjoy every day,” says president Michael Huppe.
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Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…