SoundExchange Celebrates Decade in Digital Music Industry
SoundExchange, the independent nonprofit performance rights organization that collects and distributes digital performance royalties for digital radio, is celebrating 10 years of propelling the music industry forward. The organization is marking the occasion by revealing data from “10 Years in Play.”
In just a decade, SoundExchange has put more than $1.5 billion into music creators’ pockets. In fact, the organization’s third-quarter 2013 payments of $153.7 million mark the highest quarterly payment to recording artists and record labels to date and reflects tremendous growth in the industry. When compared to SoundExchange’s entire 2003 distribution of $3 million, it is clear that more and more music fans are listening to their favorite artists through digital radio. SoundExchange is proud to facilitate royalty payments from more than 2,000 digital radio services, including satellite radio, internet radio and cable TV channels, to the recording artists and record labels that it represents.
To honor its 10 year anniversary, SoundExchange prepared an infographic entitled “10 Years in Play.” From rappers and rockers to pop stars and country singers, the data reveals that music fans of all genres are taking advantage of the streaming capabilities available to them today
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