SoundExchange Marks 20th Anniversary with $10 Billion Distribution Milestone
WASHINGTON, May 16, 2023 /PRNewswire/ -- SoundExchange, the premier music tech organization powering the future of music, is proud to announce the cumulative distribution of $10 billion in digital streaming royalties as the organization celebrates its 20th anniversary of service to the recorded music industry.
- WASHINGTON, May 16, 2023 /PRNewswire/ -- SoundExchange, the premier music tech organization powering the future of music, is proud to announce the cumulative distribution of $10 billion in digital streaming royalties as the organization celebrates its 20th anniversary of service to the recorded music industry.
- SoundExchange passed the $10 billion mark in cumulative direct payments to music creators and rights holders with its 162nd distribution in March.
- "Crossing the $10 billion threshold and celebrating our 20th anniversary demonstrate our dedication to serving the entire music industry," said Michael Huppe, President and CEO of SoundExchange.
- For the past two decades, SoundExchange has been a driving force in efforts to make the music industry fairer, simpler, and more efficient.