Digital radio royalties top $1 billion
It appears that Internet radio and other digital music services are starting to pay off for musicians.
SoundExchange, a nonprofit organization that collects and distributes performance royalties on behalf of artists and labels, announced today that it had distributed $1 billion in digital royalty payments to recording artists and record labels since its inception in 2000. The organization, which collects royalties from satellite radio, Internet radio, cable radio, and similar services, said it distributed more than $108 million in royalties in the first quarter of 2011 -- the first time its distributions exceeded $100 million in a quarter.
The accomplishment … Read more