Help artists collect unpaid royalties from SoundExchange.
If you don't already know, SoundExchange collects royalties from
satellite, cable and online radio stations on behalf of recording artists
and record labels in theUnited States. Each time a song is played on
stations from XM, Sirius, Pandora,Last.fm and the like Soundexchange
collects royalties that are supposed to be paid out directly to recording
artists and their record label (regardless of an artist's
"recoupment" balance with their label).
Unlike PRO Royalties collected from terrestrial radio and paid out based
on "estimates"royalties collect by SoundExchange are collected and paid
on actual plays.
Satellite, cable and internet radio continue to grow at
a rapid pace and theseroyalties are an important way artists can
actually get paid for their work.
However, if a recording artist fails to register with SoundExchangethey
forfeit the royalties due them after three years. According to
estimatesthere are currently over 7,000 artists owed royalties who have
not yetregistered at SoundExchange and are at risk of forfeiting monies
owned them.
P2PNet and Nashville entertainment attorney Fred Willhelms have formed
"Project UnfoundArtist" to help find artists that are due royalties but
not registered atSoundExchange. This project utilizes a crowd sourcing
approach to identifyingand notifying artists on the SoundExchange
unregistered artist list. Check outProject Unfound Artist
<
http://www.p2pnet.net/story/15761> to learn how you can help get an
artist paid.
If you haven't already please register as an artist at SoundExchange
<
http://soundexchange.com/> today!