September 12, 2023 – We are happy to report that SoundExchange paid out $269M in 2023’s Q2 royalties distributed. When compared to the same period in 2022, this is an increase of 17%. In the first half of the year, SoundExchange distributed a total of $498M.
As the only organization designated by the U.S. government to administer the Section 114 sound recording license, SoundExchange collects and distributes non-interactive digital performance royalties to musicians and rights owners. Since 2003, SoundExchange has distributed more than $10B directly to more than 650,000 music creators globally.
From monthly distributions and mobile payment options to the lowest administrative fee in the industry and relentless advocacy on behalf of the creator community, SoundExchange continues to work to make the business of music easier, more transparent, and fairer for creators.