SoundExchange royalties rose 17% to $269M in Q2, $498M YTD
SoundExchange paid out $269 million in 2023’s Q2 royalties, the digital PRO reported. That’s a 17% increase compared to the same period in 2022.
In the first half of the year, SoundExchange distributed a total of $498 million.
SoundExchange collects and distributes non-interactive digital performance royalties to musicians and rights owners. Since 2003, SoundExchange has distributed more than $10 billion directly to more than 650,000 music creators globally.
– Bruce Houghton
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