SoundExchange 2018 Artist Payments Top A Record $953M

SOURCE:

Sign in to view read count
SoundExchange distributed $953 million in sound recording performance royalties to recording artists and rights owners in 2018, more than in any year their 15 year history. A strong fourth quarter distribution of $345 million to music creators helped put the PRO into record territory for the year.

Thanks in large part to the passage of the Music Modernization Act, SoundExchange is predicting even bigger distributions in 2019.

The MMA includes the CLASSICS Act, which guarantees federal copyright protection for sound recordings recorded before February 15, 1972 and ensures that legacy artists receive compensation for their work. The new law also includes the AMP Act, which codifies SoundExchange’s practice of honoring Letters of Direction (LODs) from recording artists.

Continue Reading...

This story appears courtesy of HypeBot.
Copyright © 2020. All rights reserved.

Post a comment

Tags

Jazz News

All About Jazz needs your support

Donate
All About Jazz & Jazz Near You were built to promote jazz music: both recorded and live events. We rely primarily on venues, festivals and musicians to promote their events through our platform. With club closures, shelter in place and an uncertain future, we've pivoted our platform to collect, promote and broadcast livestream concerts to support our jazz musician friends. This is a significant but neccesary effort that will help musicians now, and in the future. You can help offset the cost of this essential undertaking by making a donation today. In return, we'll deliver an ad-free experience (which includes hiding the bottom right video ad). Thank you.

Get more of a good thing

Our weekly newsletter highlights our top stories and includes your local jazz events calendar.