“SoundExchange is proud of delivering one billion dollars to the creative community. This milestone reflects the fact that the digital music industry is evolving and will continue to grow,” said Michael Huppe, president, SoundExchange. “We’re optimistic about where the music industry is headed and see opportunity for SoundExchange to help both creators and digital music services thrive. We’re proud of this achievement and everything we’ve done to ensure that this money makes its way into the hands of artist and labels.”
In the first quarter of 2012, the organization distributed $108.6 million total royalties - the first time SoundExchange distributions have exceeded $100 million in a given quarter. These numbers continue to reflect the outstanding growth in the digital music industry and present a wake-up call to those artists who have yet to register and take advantage of the money available to them. Click here for more information on Soundexchange and how to register. — Image by Jeff Watkins.