SoundExchange to Payout $860 Million in Digital Royalties This Year, CEO Calls Out Radio Over Royalties

While most companies in the music industry are immigrants to the digital world, having been formed when the industry was still analog, SoundExchange is a “digital native” by design.This was the opening salvo to the A2IM convention, held in New York City, from SoundExchange president and CEO Mike Huppe.The organization accounted for $803 million in payouts last year — in its first that figure was $20 million — with Huppe projecting that payouts would reach around $860 million this time around the sun.

Not including this year SoundExchange has paid out $3.5 billion. Overall, SoundExchange claims 16 percent of the U.S. market for royalty collections. Huppe also claimed to have the lowest overhead of any royalty collection organization, with a 4.6 percent administration rate — although that would be disproved later in the day by Merlin, which carries a 2 percent administration rate.

Source: Billboard

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