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.
JENNIFER KNOEPFLE: THE HITS INTERVIEW
A publishing all-star tells her story. (5/7a)
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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