SoundExchange says it has now broken the $3 billion mark – that’s how much it has forwarded to artists and labels.
“Three billion dollars in distributions marks a phenomenal milestone not just for SoundExchange, but for the entire music industry,” said SoundExchange President and CEO Michael Huppe. “While we celebrate this great achievement, SoundExchange continues to advocate for every artist and label to be paid fairly whenever their music is used on every platform. There are platforms that are currently not paying a dime for the music they use to build their billion dollar empires and the future of music depends on all creators being paid fairly for their hard work and creativity.”
$773 million of that total was distributed during 2014, with checks going to 100,000 plus rights holders.