Streaming Royalty Distributions Spike in 2015
SoundExchange said Monday it distributed more than $802M in streaming music royalties in 2015, a 4% increase over 2014.
In Q4 Sound Exchange distributed $211.4M, which was a 16% rise over the prior fourth quarter.
The group cites the growing popularity of streaming services for the rise.
Congress authorized SoundExchange to collects royalties for all sound recordings played on non-interactive digital radio. This includes recordings and soundtracks made by actors, comedians, and spoken word artists in addition to musicians.
The independent non-profit group then distributes that money to some 110,000 accounts of recording artists and rights owners.