August 2, 2022 – We are happy to report that SoundExchange distributed $230.4 million in digital royalties to creators in the second quarter of 2022. When combined with the $234.5 million distributed in the first three months of the year, this brings annual distributions for the first half of 2022 to $464.9 million.
As the only U.S. entity designated by Congress to administer the Section 114 sound recording license, SoundExchange collects and distributes these royalties to the musicians and rights owners to which they are due. Since 2003, SoundExchange has distributed more than $9 billion directly to 570,000 music creators.
We’ve seen the return of a vibrant music community in 2022, and SoundExchange will continue to work to make the business of music easier for creators to receive payment for their artistic contributions.