SoundExchange reported $1.05 billion in total distributions to artists and rights owners in 2024, marking a 4.9% increase from 2023. The organization has now surpassed $12 billion in total distributions since 2003, reaching this milestone less than a year after hitting the $11 billion mark.

In Q4 2024 alone, SoundExchange distributed $248.6 million to creators. The company serves over 700,000 registered creators and maintains a highly efficient payment system, with more than 90% of collections distributed within 45 days of receipt.

Key achievements and functions of SoundExchange:

• Acts as the only organization designated by the U.S. government to administer Section 114 sound recording licenses
• Partners with 60 international organizations covering 87% of the neighboring rights market
• Collects performance royalties for 474,000+ creators when their music is played overseas
• Successfully advocated for significant royalty rate increases:
  • 711% increase for satellite royalties
  • 294% increase for subscription royalties
  • 215% increase for non-subscription royalties

SoundExchange facilitates digital service providers (DSPs) in meeting their obligations to artists and rights owners under U.S. law, serving as the global standard for royalty collection and distribution in non-interactive digital streaming services.

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