SoundExchange distributed $1.05 billion to artists 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 company serves over 700,000 registered creators and processes payments monthly, with more than 90% of collections distributed within 45 days of receipt.

Key achievements and operations:

• Only organization designated by the U.S. government to administer Section 114 sound recording licenses
• Partners with 60 international organizations covering 87% of neighboring rights markets
• Collects performance royalties for 474,000+ creators when their music plays overseas
• Advocates through U.S. Copyright Royalty Board, achieving significant increases:
  • 711% increase for satellite royalties
  • 294% increase for subscription royalties
  • 215% increase for non-subscription royalties

SoundExchange enables digital service providers to meet their legal obligations to artists and rights owners under U.S. law, serving as the global standard for royalty collection and distribution in non-interactive digital streaming services.

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