{"id":5448,"date":"2015-08-11T07:35:58","date_gmt":"2015-08-11T07:35:58","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2015\/08\/11\/soundexchange-breaks-the-3-billion-mark\/"},"modified":"2015-08-11T07:35:58","modified_gmt":"2015-08-11T07:35:58","slug":"soundexchange-breaks-the-3-billion-mark","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2015\/08\/11\/soundexchange-breaks-the-3-billion-mark\/","title":{"rendered":"SoundExchange Breaks The $3 Billion Mark"},"content":{"rendered":"<p><span class=\"normal\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scontent-lhr3-1.xx.fbcdn.net\/hphotos-xta1\/v\/t1.0-9\/11659344_10154211759644897_8627412251805709181_n.jpg?oh=5d78e3df209ea9fce34362c81bdec5a7&amp;oe=5639EA93\" border=\"0\" width=\"215\" height=\"215\" \/><br \/>SoundExchange announced that it has paid more than  $3 billion in digital royalties to recording artists and record labels  since the organization became a wholly independent non-profit in 2003.  This monumental achievement signifies the explosive growth of the  digital radio space and the crucial role digital radio plays in the  music revenue ecosystem. At the center of the digital music space,  SoundExchange is the financial backbone that directly pays artists and  labels on a monthly basis.  <!--more-->  <br \/> &#8220;Three billion dollars in distributions marks a phenomenal milestone not  just for SoundExchange, but for the entire music industry,&#8221; said  SoundExchange President and CEO Michael Huppe. &#8220;While we celebrate this  great achievement, SoundExchange continues to advocate for every artist  and label to be paid fairly whenever their music is used on every  platform. There are platforms that are currently not paying a dime for  the music they use to build their billion dollar empires and the future  of music depends on all creators being paid fairly for their hard work  and creativity.&#8221;<\/p>\n<p> In 2014, SoundExchange paid $773 million directly to more than 100,000  recording artists and record label accounts. Those 2014 payments  represented approximately 16 percent of total revenues for the entire  U.S. recorded music industry.<\/p>\n<p> &#8220;SoundExchange&#8217;s $3 billion in payments is a tremendously important  achievement for our industry. Their continued investment in technology  and systems reinforces their leadership position in terms of efficiency  and transparency, providing an example of how effective the music  industry can be,&#8221; said Molly Neuman, acting president, A2IM.<\/p>\n<p> In the last twelve months SoundExchange has delivered more innovation  than at any other point in the organization&#8217;s history. This important  investment has enabled SoundExchange to efficiently and transparently  pay out royalties at the lowest administrative rate in the industry.  Tech developments will continue to roll out throughout the end of this  year that will bring more tools to the industry.<\/span><\/p>\n<p>\u00a0<\/p>\n<p><span class=\"normal\">Source: <\/span><br \/><span class=\"normal\">SoundExchange<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SoundExchange announced that it has paid more than $3 billion in digital royalties to recording&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-5448","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/5448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=5448"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/5448\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=5448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=5448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=5448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}