SoundExchange distributed $1.05 billion to creators 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, creators received $248.6 million in distributions. The organization serves over 700,000 registered creators and maintains a highly efficient payment system, distributing 90% of collections within 45 days of receipt.

Key achievements and operations:

• Exclusive U.S. government designation to administer Section 114 sound recording licenses
• Partnerships with 60 international organizations covering 87% of neighboring rights market
• Monthly payments to 474,000+ creators for overseas music performances
• Successful advocacy leading to significant royalty rate increases:
  • 711% increase for satellite royalties
  • 294% increase for subscription royalties
  • 215% increase for non-subscription royalties

SoundExchange CEO Michael Huppe emphasizes the organization's commitment to fair compensation for artists, stating the milestone reflects their dedication to "amplifying the value of music" within a growing digital music ecosystem.

The organization continues to serve as the global standard for royalty collection and distribution, helping digital service providers meet their legal obligations to artists and rights owners under U.S. law.

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