SoundExchange today (8/15) released a list of more than 50,000 recording artist and record label names owed tens of millions of dollars in unclaimed digital performance royalty payments. This list also includes more than $31 million in royalties that are three or more years old.
SoundExchange is the nonprofit organization entrusted by the Library of Congress to collect and distribute royalties for sound recordings streamed on Internet radio, satellite radio and cable music services.
The organization is encouraging recording artists and record labels to view the searchable database located on its website to learn more and register to receive their share. The unclaimed royalties, ranging from $10 to more than $100,000, have been collected by SoundExchange during the past decade. Those that are not included on the list, and have not yet registered with SoundExchange, are encouraged to also register to receive future digital radio royalties.
SoundExchange has paid more than $1 billion in digital performance royalties to the artists and labels it represents since its inception. It has contacted tens of thousands of recording artists and record labels owed money throughout the years, and has registered more than 30,000 artists and labels in the last three years.
“The digital music industry is continuing to grow, providing recording artists and record labels with an increasingly beneficial revenue stream. We are doing everything possible to make sure artists and labels know that and capitalize on it,” said SoundExchange President Michael Huppe.
To register online, visit: http://sndx.co/register.