SoundExchange Distributes $117.5 Million In Q1 2013

image from allindstrom.comDespite growing efforts by Clear Channel and others tolicence music directly, digital music performing rights organization SoundExchange had announced a first-quarter 2013 distribution of $117.5 million. It’s their largest first quarter payment ever and 10% above Q1 2012 distribution.

Fourth quarter 2012 payments were $134.9 million  – the largest quarterly distribution in SoundExchange history.

SoundExchange distributed  $462 million to recording artists and labels in all of 2012.  Since inception, they’ve paid more than $1.5 billion in royalties from 2,000 digital music services.

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