[Editor Charlie sez: big 45.2% increase in the number of people getting royalty payments from SoundExchange!]
SoundExchange just paid out more than quarter of a billion dollars to recorded music rights holders – its biggest three-month distribution in two years.
According to the US company’s latest data, it delivered $263.5m to labels and artists in the three months to end of September (Q3), up 29.2% on the previous year.
Quarter-on-quarter, that figure was up $49.5m on the $214m recorded in Q2 this year.
As well as there being more money in Q3, there were also more recipients: 37,681 distinct payees received royalties from SoundExchange in the quarter, up 45.2% from Q2 2016.