Despite 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.