SoundExchange is growing fast & so is the amount being paid to artists & labels. On their official blog they have just announced that in Q4 2011 they paid out $89m, here’s an excerpt:

“We’ve been fortunate to have seen tremendous success as both the organization and digital music services continue to grow. We have made very clear that this is also one of our greatest challenges, and not uncommon to a lot of growing companies. We strive to improve our methods for distributing payments from over a thousand services to even more artists and labels in a timely manner, which is why we continue to make the updating of our systems a high priority.”

Read more: SoundExchange Upgrades Systems & Processes Highest Distributions To Date

A good way to start the new year, long may it continue.

About SoundExchange
SoundExchange is a US based non-profit performance rights organization that collects statutory royalties from satellite radio (such as SIRIUS XM), Internet radio (like Pandora), cable TV music channels and similar platforms for streaming sound recordings.

Performers can sign up here: Get paid when you get played

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Tags: digital royalties | soundexchange

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