SoundExchange Distributes $257M In Digital Royalties To Creators In Q3 2023

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October 13, 2023 – We are happy to report that SoundExchange paid out $257 million in royalties in the third quarter of 2023. When compared to the same period in 2022, this is an increase of 8%. Year-to-date, the total SX distribution payments are a total of $755 million.

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 $10 billion 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.