It was only a couple of weeks ago we were writing about the brave new future world of satellite-radio service SiriusXM’s next-gen platform.
SoundExchange is 20 years old, and it’s celebrating with a big milestone for its distributions to artists and rightsholders.
At NY:LON Connect, SoundExchange CEO Michael Huppe was interviewed by Will Page, author of Tarzan Economics.
Earlier this year, SoundExchange sued streaming service Slacker alleging that it had “stopped paying statutory royalties” in 2017.
There’s another legal battle brewing in the US over digital music royalties, and this one involves SoundExchange.
US digital performance royalties agency SoundExchange has published some figures for last year, showing that its distributions grew by 4% to nearly $947m. That’s good news during the Covid-19 pandemic when […]
US royalties-collecting organisation SoundExchange has hit a new milestone: $7bn of distributions since it was created in 2003. The company passed $5bn of distributions in late 2017, and was thought to have reached […]
US performing rights body SoundExchange saw its payouts to artists and labels fall by 4.7% in 2019, although that’s because of the impact of a $150m settlement with SiriusXM the […]
Licensing music for use in podcasts is tough: in most countries there isn’t a standard (or blanket) licensing system to help shows use music while paying royalties to its rightsholders […]
US firm SoundExchange has published its year-end numbers for 2018, and like other bodies collecting and distributing royalties for musicians and rightsholders, it enjoyed a record year. “We distributed more […]
US company SoundExchange has published its latest quarterly figures, and they show strong growth in its payouts to artists and labels. The company paid out $208.7m in the second quarter of this year, up 17.5% year-on-year.
That growth is also reflected in SoundExchange’s figures for the first half of 2018, with distributions up 17.4% to $398.6m, almost surpassing its record year of 2016, after payouts dipped in 2017 due to Pandora signing direct licensing deals with labels.
SoundExchange also says that it distributed royalties to 28,065 payees in Q2 2018, up 9.3% year-on-year. That breaks down to an increase in the average payout per payee from $6.9k in Q2 2017 to $7.4k in Q2 2018, if you’re wondering.
Could peace and love be returning to the US digital-music ecosystem? Don’t answer that question… But there is a new rapprochement of sorts in the relationship between satellite-radio firm Sirius XM and royalty-collector SoundExchange.
Sirius XM has agreed to pay SoundExchange a lump sum of $150m to settle a pair of lawsuits that had accused it of underpaying for performance royalties. “We have agreed to pay SoundExchange a one-time lump sum payment of $150 million on or before July 7, 2018,” noted Sirius XM’s filing with financial regulator the SEC.