SoundExchange Celebrates 10 Years Of Digital Royalty Distribution
October 4, 2013
Digital royalty distribution organization SoundExchange is celebrating its tenth anniversary by released new data from "10 Years In Play."
In just a decade, SoundExchange has distributed more than $1.5 billion to music creators. The organization’s third-quarter 2013 payments of $153.7 million mark the highest quarterly payment to recording artists and record labels to date. A decade ago, SoundExchange distributed $3 million for the entire 2003 year.
To honor its 10 year anniversary, SoundExchange prepared an infographic entitled "10 Years in Play," which can be seen here, showing the top digital tracks every year, as well as the top ten artists of the last decade for digital royalties. Elvis Presley was ranked #1, followed by Bruce Springsteen, Pearl Jam, Rihanna and Drake.
"Music is more accessible now than ever before; today, a single sound recording can be streamed millions of times by listeners across the globe," said SoundExchange President/CEO Michael Huppe. "SoundExchange takes great pride in having helped enable the growth of the digital music industry, and we strive to ensure that all recording artists and labels are rewarded for their art. Over the last decade, we’ve grown as an organization, fought for what we believe in and persevered to become the company we are today. And we look forward to an even brighter future for the entire music industry."