SOUNDEXCHANGE ADDS COLLECTION DUTIES

SoundExchange is taking over the collection and distribution of domestic and foreign private copy royalties, a function previously performed by the Alliance of Artists and Recording Companies.

The move is part of SoundExchange’s multi-year technology initiative centered on leveraging the use of data to streamline systems and increase efficiency across the music industry.

SoundExchange plans to begin claiming international PC royalties in late 2021 and domestic PC royalties in February 2022.

“Expanding into private copy royalty collection and distribution is just one step in our mission to make the business of music simpler and more efficient for creators,” SoundExchange President & CEO Michael Huppe said.

AARC will distribute all available royalties it has collected since 2018 in a final distribution in late 2021 before it ceases operations. AARC will accept updated payment and tax information until 7/31.