SoundExchange distributed $1.05 billion to creators in 2024, marking a 4.9% increase from 2023 and pushing their total distributions since 2003 beyond $12 billion. This milestone was achieved less than a year after reaching the $11 billion mark.

The organization distributed $248.6 million in Q4 2024 alone, demonstrating continued growth in the digital music ecosystem. Michael Huppe, SoundExchange CEO & President, emphasizes their commitment to maximizing music value and ensuring creators receive their earned compensation.

Key Facts About SoundExchange:

• Serves over 700,000 registered creators
• Processes monthly payments within 45 days of receipt (90% of collections)
• Partners with 60 international organizations covering 87% of neighboring rights market
• Manages royalties for 474,000+ creators for overseas music plays
• Exclusively designated by U.S. government to administer Section 114 sound recording license

Notable Achievements in Royalty Rate Increases:

• 711% increase for satellite royalties
• 294% increase for subscription royalties
• 215% increase for non-subscription royalties

SoundExchange continues to serve as the global standard for royalty collection and distribution, facilitating digital service providers' compliance with U.S. law while advocating for fair compensation through the U.S. Copyright Royalty Board.

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