Does SoundExchange take a cut?
SoundExchange was created to collect and distribute digital performance royalties. They keep a 4.5% cut for administrative costs and pay the remainder as follows: 45% to the featured artist. 5% to the non-Featured artists (backing musicians)
What is the difference between SoundExchange and BMI?
SoundExchange vs BMI is the same as digital vs live/public. For Pandora, SiriusXM, and other non-interactive mediums, SoundExchange is needed to collect songwriter royalties from them. Whereas BMI will collect royalties for public performances such as radio or restaurants.
Do I need SoundExchange if I have DistroKid?
Do I Need SoundExchange If I have DistroKid? You do not need to register with SoundExchange if you use DistroKid to distribute your music as DistroKid already collects master recording royalties on your behalf.
How long does SoundExchange take to process?
–45 days
Processing time is usually 30–45 days, volume permitting. Royalties are distributed monthly by direct deposit and quarterly, at the end of March, June, September, and December by check.
What does SoundExchange pay per stream?
0018 per song per listener (see our article here). In other words, for each song you play, you pay SoundExchange about one-fifth of a cent for each listener who hears it. These royalties are in addition to the royalties paid to ASCAP, BMI, SESAC and, for most commercial stations, GMR.
Does SoundExchange collect from Spotify?
To make matters more confusing, SoundExchange does not handle royalty distribution for on-demand streaming services like Spotify and Apple Music, which pay rights-holders directly via deals between the tech companies and the major labels.
Should I join SoundExchange?
Collect all royalties due to you. SoundExchange is the sole organization that collects digital performance royalties for sound recordings* in the United States. So, one of the main reasons you should register is to collect any and all of these royalties that are due to you.
Does SoundExchange pay monthly?
SoundExchange is the first sound recording rights organization in the world to offer monthly distributions. Most sound recording performance organizations in other countries pay only annually.
Do you have to register songs with SoundExchange?
SoundExchange is the sole organization that collects digital performance royalties for sound recordings* in the United States. So, one of the main reasons you should register is to collect any and all of these royalties that are due to you.
Do producers get paid from SoundExchange?
3. Music Producers: Music producers cannot collect directly from SoundExchange. But if you can get the artist you produced to sign a letter of direction in your favor, wherein the artist directs SoundExchange to pay you a percentage of the artist’s royalties, then you can collect that way.
Do producers need to register with SoundExchange?
The best way for a producer to collect SoundExchange royalties is to have a written producer agreement with a signed SoundExchange Letter of Direction attached as an exhibit directing SoundExchange to pay a percentage of the royalties to you.