SoundExchange & CD Baby: Come Get Your Cash!

SoundExchange & CD Baby: Come Get Your Cash!

For those who don’t know what SoundExchange and CD Baby are, heres a brief description of each. SoundExchange is a non-profit performance rights organization authorized to collect royalties for the digital performance of sound recordings such as satellite radio, internet radio, cable TV music channels and similar platforms of music. SoundExchange is the only agency in the US that can collect and distribute digital performance royalties on behalf of featured recording artists, master rights owners, and indie artists who also own the masters. CD Baby  is the largest online distributor of independent music. They only sell music that musicians send to them directly, which means that the artists get paid directly.

These two companies have announced a reprise to notify hundreds of recording artists owed back royalties. The match, which the organizations hope to make an annual event, identified 14,380 CD Baby-affiliated artists and labels are collectively owed more than $1 million. Federal copyright law allows music services that digitally stream sound recordings under the government’s blanket license, provided they pay royalties and provide playlists to SoundExchange. The sad part is that there are many artists out there that don’t know this! Because they don’t know, SoundExchange just holds all the royalties and until the artist(s) come and collect.

As an attempt to reach these artists, SoundExchange and CD Baby cross checked a list of unregistered artists on SoundExchange with the database of members on CD Baby. As a result, 12,806 recording artists and 1,574 labels were identified with unclaimed royalties. CD Baby has begun sending emails to the matching artists and labels with an explanation of how to claim there royalties from SoundExchange.

“SoundExchange and CD Baby share a commitment to the long tail of independent artists and labels, and to supporting that community in making a living,” said SoundExchange President Michael Huppe, of the project. “We know that back royalties can sound too good to be true, and it makes a difference to skeptical artists and labels to hear about these funds from an organization as trusted as CD Baby.”

“The reason that CD Baby exists is to make it easy for independent artists to get paid for their hard work,” said Brian Felsen President of CD Baby. “That’s why we’re excited to help our artists claim their royalties through SoundExchange. Nothing makes us happier than to see new revenue streams flowing to independent musicians.”

Bristol supports SoundExchange and CD Baby in their efforts to pay artists for there hard work. We want to know how you feel about this as well as any suggestions to help these organizations out!

~ by bristolstudios on November 3, 2011.

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