Is SoundExchange a non profit?

Is SoundExchange a non profit?

SoundExchange is the independent nonprofit performance rights organization that has been appointed under federal law to collect and distribute those royalties. Who We Represent: SoundExchange fights for royalty structures that recognize the vital role that the creators of music play for digital services.

How does SoundExchange make money?

SoundExchange administers the statutory license, which allows services to stream artistic content while paying a fixed rate for each play. SoundExchange collects and distributes royalties for the featured artist and the sound recording copyright owner when content is played on a non-interactive digital source.

Does Spotify pay SoundExchange?

Streaming services (like Spotify) pay artists based on a percentage of revenue that the service receives from subscription and ad revenue. In addition, you may be eligible to collect other types of streaming royalties from SoundExchange.

How do SoundExchange royalties work?

Under the law, 45 percent of performance royalties are paid directly to the featured artists on a recording, and 5 percent are paid to a fund for non-featured artists. The other 50 percent of the performance royalties are paid to the rights owner of the sound recording.

What is the purpose of SoundExchange?

About Menu. SoundExchange provides royalty solutions for sound recordings and publishing, serving as a critical backbone to today’s digital music industry. The organization collects and distributes digital performance royalties on behalf of over 245,000 recording artists’ and master rights owners’ accounts.

How do I get royalties from SoundExchange?

How do I collect Digital Performance Royalties from SoundExchange? You should sign up directly with SoundExchange as an artist, register your sound recordings, and claim the Featured Artist Share (and Non-featured Artist Share if applicable). SoundExchange will pay the Featured Artist share directly to you.

Do I need SoundExchange if I have DistroKid?

Do I Need SoundExchange If I have DistroKid? You do not need to register with SoundExchange if you use DistroKid to distribute your music as DistroKid already collects master recording royalties on your behalf.

Does SoundExchange need Songtrust?

Publishers and songwriters need Songtrust to collect mechanical royalties, but if you own your master recordings and/or are a performing artist, you should certainly think about registering with SoundExchange as well.

Do I need SoundExchange if I have BMI?

SoundExchange vs BMI is the same as digital vs live/public. For Pandora, SiriusXM, and other non-interactive mediums, SoundExchange is needed to collect songwriter royalties from them. Whereas BMI will collect royalties for public performances such as radio or restaurants.

Can I have SoundExchange and BMI?

Is SoundExchange same as Songtrust?

The difference between these platforms is the type of royalties they collect. Songtrust collects royalties generated by compositions on behalf of songwriters and publishers, whereas SoundExchange collects digital performance royalties generated by master recordings on behalf of master owners and performers.

What is Songtrust used for?

Songtrust provides worldwide publishing administration services to independent songwriters, publishers, labels with publishing arms, managers, lawyers, distributors, and anyone else representing compositions.

Is SoundExchange a non-profit organization?

SoundExchange was spun off from the RIAA and became an independent non-profit corporation in 2003. SoundExchange’s first executive director was John Simson, a musician, attorney, and artist manager.

What is a SoundExchange royalty?

SoundExchange provides royalty solutions for sound recordings and publishing, serving as a critical backbone to today’s digital music industry. The organization collects and distributes digital performance royalties on behalf of over 245,000 recording artists’ and master rights owners’ accounts.

What is a SoundExchange license?

SoundExchange is designated by the Librarian of Congress as the sole organization authorized to collect royalties paid by services making ephemeral phonorecords or digital audio transmissions of sound recordings, or both, under the statutory licenses set forth in 17 U.S.C. § 112 and 17 U.S.C. § 114.

Its technology solutions help turn massive amounts of data into accurate revenue for creators and include: Music Data Exchange (MDX), International Standard Recording Codes (ISRC) Search, and the Notice of Intention to Use (NOI) LOOKUP. To date, SoundExchange has paid out more than $7 billion in royalties.