SoundEx pays out over $117 million in Q1 to labels, performers for digital plays

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Issue Date: 
Apr 17 2013 - 12:35pm

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SoundExchange announced this week a record first-quarter distribution of $117.5 million to record labels and performers. SoundExchange is the music industry body that collects royalties digital services like Internet radio pay to perform copyright sound recordings.

The payout is nearly 10% more than Q1 2012's distribution.

SoundExchange recently released its 2012 earnings, revealing it had collected $502.2 million total from services including Pandora, SiriusXM, and Music Choice. It distributed $462 million last year as well, its highest annual payout to date (see SoundExchange's release here).

Industry attorney Angus MacDonald compared the 2012 SoundExchange release with Pandora's public financials (you can see them here). His analysis showed that nearly half of SoundExchange's 2012 $502.2 million revenue came solely from leading webcaster Pandora. What's more, Pandora's increased payment (due to listening growth) represented all of SoundExchange's 2011-2012 revenue growth.

Read more from MacDonald in RAIN here.

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