SoundExchange proved last year what we can do for recording artists and rights owners, and we are continuing that fight for fair compensation. So after a record-setting year in 2015, we began 2016 right where we left off – on pace for another successful year.
We made huge strides in the first quarter on behalf of recording artists and rights owners, and it’s good to begin the year with a strong start.
We also have other goals in mind. We’re racing ahead on initiatives that will benefit the entire music industry. We have a lot of work to do in 2016 – for recording artists, rights owners and the rest of the music community – and we aren’t about to slow down now.
Streaming was the largest component of industry revenues in 2015, accounting for 34.3% of the recorded music industry market, while downloads accounted for 34% of the market.
Streaming generated an incredible $2.4 billion in revenue, a 28.5% increase over 2014 revenue, when streaming revenue reached $1.86 billion.
But what does that mean? In broad terms, it means music lovers have spoken and streaming now is their preferred method of consuming music. In industry terms, it means SoundExchange is more important than ever to recording artists and rights owners. We are here to collect and distribute digital performance royalties, and those royalties continue to grow at historic rates. We distributed 16% of the recorded music industry’s wholesale revenue, which reached $4.95 billion last year, according to the RIAA’s data. As streaming becomes even more popular and wholesale revenue increases, SoundExchange’s role also will become increasingly important to music creators.
Numbers don’t lie. Don’t get left behind. Become a SoundExchange Member and start collecting your digital performance royalties in the U.S. and abroad.View RIAA 2015 Year-End Sales & Shipments Data Report
We say it all the time – recording artists and rights owners deserve fast, fair and accurate compensation from the digital services that use their music. Last month we launched a major project to fulfill our commitment to artists and labels. International Standard Recording Codes (ISRCs) are the standard for identifying sound recordings, and SoundExchange’s new ISRC Search Site is a comprehensive online resource enabling recording artists, rights owners and music services to locate accurate identifiers for creative content and download the associated metadata.Read More
We made the annual music pilgrimage to Austin, TX with a mission: unload $177K in unclaimed SoundExchange royalties onto the 254 SXSW 2016 showcasing artists who earned them. So before we departed the District and headed to the Lone Star State, we contacted the owed artists and invited them to stop by our outpost for the week—the official SXSW Artist Lounge in the Austin Convention Center.
Did you or someone you know perform at SXSW 2016? Check out our list of unregistered SXSW 2016 showcasing artists to see who has royalties awaiting collection. Become a SoundExchange Member today and start collecting in the U.S. and abroad.
While we believe that digital radio is the best thing since sliced bread, we’re always interested to hear what the artists we pay think of digital radio. We asked some SXSW 2016 showcasing artists to share their thoughts on digital radio and we noticed a common theme: they all love it—just like you.