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Friday, November 5, 2021

SOUNDEXCHANGE Q3 REPORT POINTS UP


Royalty-collection platform SoundExchange distributed more than $256m in streaming-music royalties in the third quarter of 2021. The Q3 payout is a 6% increase from Q2 and a 1% increase YOY.

In its Digital Radio Report, the company claimed more than 43k total payees and almost 9,200 registrations in the quarter.

SoundExchange collects and distributes digital-performance royalties on behalf of nearly 250,000 recording-artist and rights-owner accounts. Since its inception in 2003, it has reported $8.6b in gross distributions.

TAGS: SoundExchange
 
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