RAIN: SoundExchange Disputes Billboard Report
March 3, 2010 at 12:54 PM (PT)
KURT HANSON's RADIO AND INTERNET NEWSLETTER is correcting information it published YESTERDAY (3/2) based on a REUTERS report citing data from BILLBOARD magazine. HANSON wrote TODAY that "Spokespersons for digital royalty agent SOUNDEXCHANGE tell RAIN that the earnings figures based on non-interactive webcasting from a recent BILLBOARD ranking (and the basis for follow-up analysis by REUTERS) are wildly inaccurate, and are actually far higher than portrayed."
The report covered BILLBOARD’s publication of "Money Makers," which ranks the music industry’s top-earning artists. REUTERS, quoting information from BILLBOARD wrote, "The results show that of the more than 100 artists examined to compile the Money Makers list, only 10 made more than $2,000 from non-interactive streams in 2009, with BEYONCE topping the list with an underwhelming $5,000."
RAIN followed up, and says SOUNDEXCHANGE spokesperson LAURA WILLIAMS told them "not only are the figures wildly off the mark, her organization (the only possible source for numbers like this) was never even contacted by BILLBOARD." In fact, WILLIAMS told RAIN that more than 500 artists earned "well above $9,000 in 2009" webcasting royalties."
Read the full report here.