SoundExchange announced this week that it's distributed to sound recording copyright owners and performers $204.4 million for Q1 and Q2 of 2012. That money comes from royalties paid by webcasters, SiriusXM, and cable radio operations like Music Choice.
In its second quarter, SoundExchange distributed $95.8 million, the second-highest quarterly distribution in the organization's history, according to its press release. To date, SX has distributed more than $1 billion of royalties paid by non-interactive digital radio services.
SoundExchange General Counsel Colin Rushing will join SESAC's Greg Riggle on our "Music Licensing Roundtable" panel, moderated by Wilkinson, Barker, Knauer partner David Oxenford, at RAIN Summit Dallas September 18th.
"This quarter's distribution adds to what is shaping up to be a record breaking year for SoundExchange and reflects the continued growth of digital radio listenership and services," said Michael Huppe, president, SoundExchange.
Read the SoundExchange press release here.