@musicbizworld: @SOUNDEXCHANGE PAID OUT $264M IN Q3 – ITS BIGGEST QUARTER IN TWO YEARS

[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.

Read the post in Music Business Worldwide

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s