Washington
– SoundExchange, the recording industry entity set up to collect and distribute
digital music royalties, said this week that it made a record $54.8 million in
payments to artists and labels in the second quarter.
"Digital royalties
are on the rise across the board, but the organization also credits increased
efforts to clean poor data, as well as partnerships with other organizations,
with pushing the total above last quarter’s record distribution,"
SoundExchange said.
Executive director John Simson also credited increased
staffing and technology resource allotment on distributing "old
money" from "various artists" or "label unknown" recordings.
The group has distributed over $470 million in royalties since its
creation in 2003.
Related Links:
http://snipurl.com/xw39q
