SoundExchange Rakes In Digital Royalties
April 9, 2010 at 2:55 PM (PT)
SOUNDEXCHANGE data showed that a record $52 million in digital royalties were paid to music artists and copyright holders whose music was played on satellite and Web radio in the first quarter of 2010, According to the NEW YORK TIMES, that's approximately 25% higher than any previous quarter.
SOUNDEXCHANGE Exec. Dir. JOHN SIMSON cited more simulcast streaming by big-name radio stations, growth of services like PANDORA, and satellite radio sales tied to new car purchases as reasons for the record take.
"We're having fun cleaning up data and sending out money," he told the TIMES. "It's fun to go up to a band at a festival and say, 'We have $3,000 for you'."