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SoundExchange payouts grew by 17.5% year-on-year in Q2

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.

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Sirius XM to pay $150m to SoundExchange to settle lawsuits

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.