SoundExchange Issued $252M in Royalties In 2010
SoundExchange had its biggest year to date in 2010 wherein it dispersed $252 million in digital royalties. This brings its overall distribution to more than $600 million.
Such royalty pay-out increases can be attributed to the success and growth of streaming services; increased awareness among artists and copyright holders of the need to register; and improved processing of previously unpayable balances through data clean-up.
In 2010, the average royalty payment for artists was up 80% from 2009 to $2,800 and for rights holders it was up 39% to over $14,000.
To President Michael Huppe, these revenues are "an industry success story."