SoundExchange has a new method of presenting their quarterly payments and they will be sharing their highlights quarterly via a new Digital Radio Report. The hope is to expand the information they share each quarter making this report a vital resource for anyone looking to learn more about SoundExchange and the role they play in the music industry. In the first three months of 2014, SoundExchange paid $162.4 million in royalties to recording artists and record labels, including spoken-word actors and comedians.
To date, they have paid out more than $2 billion in royalties. SoundExchange payments come from both subscription and ad-supported non-interactive streaming services. Check out the SoundExchange Digital Radio Report highlighting their Q1 2014 numbers and the state of digital radio streaming for artists and labels.
Below is a full breakdown of our facts and figures:
� $162.4 million � paid to recording artists and record labels in Q1 2014. SoundExchange’s largest Q1 payment to date
� $7 billion � total U.S. recorded music industry revenue in 2013
� 8.4% � SoundExchange portion of U.S. recorded music revenue
� 41.3 % � SoundExchange percentage of total U.S. music streaming revenue in 2013
� 38% � SoundExchange payment increase from Q1 2013 to Q1 2014
� 21% � percentage of music revenue from streaming in 2013
� $2 billion � total royalties paid since inception
� 2,500 � number of digital radio providers now using the statutory license that SoundExchange administers (up from 2,200 in 2012)
