SoundExchange Paid $54.8 Million In Q2. The Rest? Don’t Ask…
Publicly-traded companies have lots of shareholders, and by law are required to open their books every quarter. Should SoundExchange – a Congressionally-appointed non-profit with responsibilities to thousands of artists and labels – be subject to similar requirements?
Can Congress Save the Indies? A2IM Wants YOU to Write Your Congressman…
Can Congress can save the indies from piracy? Or, should groups like A2IM be focusing more on innovating online than stumping on Capitol Hill?
SoundExchange Starts Damage Control: $200 Million Balance Suddenly $39 Million…
After confirming an outstanding balance of $200 million in unpaid royalties to Digital Music News, SoundExchange is now shifting its calculations. In response to growing concern over the large amount of unpaid funds, SoundExchange executive Bryan Calhoun is backing a drastically-reduced, $39 million unpaid figure – yet, he has declined to offer any documentation or direct discussion to Digital Music [...]
SoundExchange Holding Over $200 Million In Unpaid Artist Royalties…
At SXSW recently, SoundExchange was trying to match $1 million in unpaid artist royalties. But the non-profit is holding an unpaid royalty account of more than $200 million, according to documents obtained by Digital Music News and information shared directly by the company. And, given the growth arcs, the amount may be quite a lot more.
ASCAP 2009 Royalty Collections Top $995 Million
Performing rights organization ASCAP said it collected over $995 million in royalties on behalf of its 380,000 songwriter and music publisher members in 2009, and paid out $863 million to members.
Not As Big In Japan: RIAJ Stats Show Slumping Sales…
Recorded music sales continued to fall in Japan, part of a broader global trend. According to the latest from the Recording Industry Association of Japan (RIAJ), unit sales dropped 10 percent during the first quarter (year-over-year), and 16 percent by trade value.
SoundExchange Q1 Payouts Top $51.7 Million…
SoundExchange paid out $51.7 million in non-interactive, US-based radio royalties during the first quarter, a record for the group. The figure was shared exclusively this morning with Digital Music News and the New York Times, ahead of a broader announcement. The payout represents a record sum for the organization, and traverses online radio, satellite, and cable television sources.
The SoundExchange Blitz: More Payout Figures Emerge…
SoundExchange has been intensifying its matching and payout efforts this year, and sharing more data in the process. In a discussion last month, SoundExchange executive director John Simson pointed Digital Music News to some plum payouts for artists at the top, though noninteractive royalties are still a developing pot. Specifically for internet-based streams (US-based, excluding satellite and cable television), Simson [...]
NAB Pounces On Doobie Brothers Lawsuit…
Unfortunately, major labels are notorious for screwing artists, and that is sullying the battle for broadcast royalties on recordings. Just recently, the beleaguered EMI was sued by the Doobie Brothers, and the National Association of Broadcasters (NAB) was all-too-happy to trumpet the news. “The lawsuit is the latest in a long line of litigation against record labels for unpaid royalties [...]