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.
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 [...]