SoundExchange See Record Payments Through Q3 2014

SoundExchange

SoundExchange distribute royalties to artist and labels for “non-interactive digital transmissions, including satellite, Internet radio, and cable television music channels”.

SoundExchange announced a record $267m was paid out to record labels and performing artists in Q3 2014. A 39.7% increase over the $161m paid out in Q2 and an impressive 74% increase on the same quarter last year.

SoundExchange have payed out more in the first three quarters this year with $590.6m, than the $590.4m paid out for the whole of 2013.

Bad Bunny breaks Drake’s record as the most-streamed artist in one day on Spotify

On release day of his new album, Bad Bunny was streamed 183 million times on Spotify, beating Drake’s record of 176.8 million daily streams.

A new Tencent report details the growth of independent music in China

Tencent Music Data Research Institute, a music data research company under Tencent Music, has published a new report.