SoundExchange, AFTRA Partner To Distribute Royalties
June 3, 2010 at 5:08 AM (PT)
SOUNDEXCHANGE is partnering with AFTRA to identify and distribute music royalties owed to AFTRA member recording artists. The initiative launched WEDNESDAY (6/2) with AFTRA notifying over 6,000 artists of their eligibility to collect SOUNDEXCHANGE royalties for digital music streaming.
"Increasingly, our world is evolving into the digital age," said AFTRA National Exec. Dir. KIM ROBERTS HEDGPETH. "This means more opportunities for AFTRA recording artists to share their creative contributions with a wider audience and more opportunities for our members to earn the income they need, such as the royalties collected by SOUNDEXCHANGE, to sustain their careers, support their families and continue enriching our culture and society through their gift of music. As AFTRA's National Exec. Dir. and as a board member of SOUNDEXCHANGE, I am very pleased to partner with SOUNDEXCHANGE to identify, to locate and pay AFTRA members their share of the tremendously profitable digital revolution."
"SOUNDEXCHANGE is constantly reaching out to notify artists about their unclaimed royalties, yet it can be difficult to get them to register," said SOUNDEXCHANGE Exec. Dir. JOHN SIMSON. "Many don't know about the law that entitled them to these royalties, or believe it's too good to be true. That's why partners like AFTRA are essential: they understand the value of our work and have existing relationships with those artists who can most benefit from registering. AFTRA is a great resource to artists, and hearing about SOUNDEXCHANGE from such a trusted organization helps reassure artists that these royalties are both real and theirs."