SoundExchange Best Pro in the Music Industry? Now with Monthly Royalty Payments to Independent Artists and Labels
Amazing news for artists. SoundExchange has announced that they are moving from Quarterly payments and reporting to Monthly. This is great news for artists and labels!
SoundExchange has paid out more than $2 billion to rightsholders from 2,000 digital music services ranging from Pandora to SiriusXM . Initially, monthly royalty payments will be sent to members that receive electronic payments, and have royalties due of at least $250. Artists and labels that do not meet the threshold will continue to be paid quarterly.