Digital Music News last week reported that global performance royalties grew 9.1% (up $130 million) in 2010, to $1.6 billion, according to statistics from Music & Copyright. The biggest contributor of performance royalties was SoundExchange, which collects and administers royalties on sound recordings from Internet radio, cable, and satellite radio.
Last year SoundExchange distributed almost $250 million to copyright owners (record labels) and performers, up from just over $155 million the previous year. 2011 should be even better, as SoundExchange collected 94% more in royalties in the first half of 2011 compared to the first half of last year.
Read coverage from Digital Music News here.