SoundExchange hit $7 billion in payouts to artists

SoundExchange, responsible for handling royalties for services such as Pandora, SiriusXM and TV appearances, hit a new milestone earlier this year.

Last week SoundExchange shared some details regarding their Q1 2020 performance.

  • $7bn paid to artists since launching in 2003
  • $224 million in Q1 2020 alone
  • $220.7 million in Q1 2019
  • Up 1.5% year-on-year
  • 200,000+ music creators
  • 32 million registered sound recordings

SoundExchange remain committed to providing uninterrupted royalty payments through the COVID-19 pandemic. They manage payments from services such as non-interactive webcasters (Pandora), satellite/digital cable TV and satellite radio services (SiriusXM).

“SoundExchange has always been a critical source of revenue for music creators, and especially now. Our entire team is committed to providing reliable monthly payments, particularly at a time when the music community is confronting the challenges posed by COVID-19, and we are on track for our April distribution.”

Michael Huppe, President & CEO, SoundExchange

For more information on SoundExchange and to register your music with them for free to start collecting royalties, click here.

SoundExchange

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