SoundExchange distributed $1B in 2024

SoundExchange distributed $1B in 2024, up 4.9% over the previous year.

SoundExchange distributed $1B in 2024

That $1.01 billion brings to $12 billion the total distributions to artists and rights owners since SoundExchange’s inception in 2003. The $12 billion milestone was reached in February, less than a year after passing the $11 billion mark in 2024.

SoundExchange advocates on behalf of creators to increase the value of music, achieving substantial increases through the U.S. Copyright Royalty Board over the last two decades: 711% for satellite royalties, 294% for subscription royalties, and 215% for non-subscription royalties.

“This milestone is a reflection of our vigorous commitment to amplifying the value of music, paired with a healthy and growing digital music ecosystem,” said Michael Huppe, President and CEO of SoundExchange. “There is nothing more satisfying than putting money into the hands of those who have earned it with their talent, artistry, and passion. It’s our reason for being and it’s our privilege and honor to reliably serve the SoundExchange creator community.”

Serving a community of more than 700,000 registered creators, the non-profit company pays out monthly with more than 90% of all collections distributed within 45 days of receipt.

SoundExchange is also the world’s largest global collective management organization, working with nearly 60 international partners covering 87% of the available neighboring rights market to collect performance royalties for more than 474,000 creators when their music is played overseas.

MORE: Guide to SoundExchange and how they help independent artists get paid

Bruce Houghton is the Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, a Berklee College Of Music professor and founder of the Skyline Artists Agency