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SX and MySpace Announce Joint Partnership to Identify and Register Thousands of Artists with Unclaimed Royalties
January 23rdCannes, France – In a surprise announcement today at MIDEM, SoundExchange, the non-profit performance rights organization charged with the task of collecting and distributing digital performance royalties, and MySpace unveiled a partnership to identify and register thousands of artists and indie labels with unclaimed digital royalties.
While social media networks have long been a tool for SoundExchange to reach out to artists and labels, the partnership with MySpace opens a new and effective way to contact the more than 25,000 major, independent and unsigned artists who are registered with MySpace but not with SoundExchange. The unregistered artists are collectively owed more than $14 million in royalties (for the streaming of their music on Internet/satellite radio), held in escrow by SoundExchange.
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