Today the non-profit digital performance rights organization SoundExchange announced it has paid out more than $1 billion in digital royalties to artists and labels since its inception in 2003. SoundExchange collects royalties from streaming music providers—including Sirius XM, Pandora and those channels way at the back of your cable lineup that only play music—and passes them along to artists, both signed and unsigned.
“This milestone reflects the fact that the digital music industry is evolving and will continue to grow,” said SoundExchange president Michael Huppe in a statement. “We’re optimistic about where the music industry is headed and see opportunity for SoundExchange to help both creators and digital music services thrive.”
Of the billion dollars paid out by SoundExchange over the past decade, more than one-tenth has been distributed in recent months. The organization doled out a total of $108.6 million in royalties during the first quarter of 2012, marking the first time distributions exceeded $100 million in a single quarter. SoundExchange cites enhanced data management and improved technology platforms for the change.
The U.S. Copyright Office has designated SoundExchange the sole administrative entity for collecting digital royalties, but not everyone knows that yet. Tens of millions of dollars in digital royalties still sit unclaimed, despite the organization’s best efforts to contact artists. “They think we’re a Nigerian email scam,” a spokesperson once said.
Any musician or copyright holder can sign up for SoundExchange. Anyone hoping to receive royalties must send in a W-8 or W-9 form and government-issued identification. All of this can be done via email, snail mail, or fax (more info here).
As a former independent artist I know all too well the frustration that comes with getting music heard on major radio. However, there is good news. The music industry has been going through major changes since 1999 and this has resulted in independent artists getting almost the same exposure as an artist signed to a major label. It’s not free exposure but it’s cheaper than you might think. If you are in love with making music and would do it for free then you are definitely on your way to success if you take our advice and experience into consideration. If you are only doing it for the money then it’s going to be a frustrating experience. Make sure you are in it for the right reasons.
I’ve been in the music business since 1986 and have been working with major internet radio stations for over 4 years and learned most of the ins and outs of what it takes to get a hit song heard by the international listeners it deserves and from people who actually still buy their music and are looking for whats new. CALL TODAY,(786)300-1303, TO FIND OUT WHAT NEEDS TO BE DONE TO GET YOUR SONG ON THE RADIO
Back in 2008 DJ Khaled paid us a surprise visit. It’s not every day we read about celebrities giving back to the community. DJ Khaled, who still has the most popular radio show in Miami (WEDR/99 Jamz) and who’s 2007 “We The Best” album reached #1 on the Billboard Independent Chart, visited our Downtown, Opa-Locka – Miami, Florida studio’s.
It would be hard to accuse DJ Khaled of forgetting his undergroud radio roots.
We were surprised to see DJ Khaled’s signature Rolls Royce Phantom pull up to our front door. DJ Khaled stayed around for interviews and questions from local aspiring independent artists and promoted his album. We still have much love for DJ Khaled but it’ s not often we get to see him. A lot has changed since 2008. Follow us on on Twitter for more updates@DadeCountyRadio
Most of you reading this will never see the inside of a real underground radio station but imagine a space no bigger than 600 or 700 square feet, strewn with home-made CD’s and miscellaneous bits of trash everywhere you look. (yes, this was before the age of mp3’s in Miami, FL)
One of the CD’s in particular caught my eye because of its artwork and craftsmanship, which made it stand out from all the hand-written home-made CD‘s around it. That CD was a mix-tape by an artist called JIGG305 and it was his first mixtape entitled, “Test The Dope”.
Underground radio stations don’t make much of an income in the way of revenue from advertisers for obvious reasons. One of the ways the DJ’s earn a living is by charging the artists who want their music promoted a fee for promoting it. JIGG305 , however was one of those artists who I don’t recall ever paying this underground radio station a fee for promoting his music. “Test The Dope” was just one of those mix-tapes that had such a huge buzz on the street that DJ’s enjoyed playing it and listeners were constantly requesting it.
JiIGG305 was soon a regular at the radio station. I personally got to talk to him about the music industry on many occasions and had many good conversations and bad ones with him. I would constantly emphasize to him the things that needed to be done in order for his career to take off and not end up like so many other rappers with bad record deals. (myself included) He always strongly disagreed with me.
Whether my argument was correct or not remains to be seen but one thing for sure JIGG305 is without a doubt one of Miami’s hottest underground talents. As a music consultant though, he will always be known to me as the client that got away.
You can still find out what JIGG305 is up to by visiting his you-tube page @ www.youtube.com/JIGG305ONLINE