The Harry Fox Agency (HFA), a leading provider of rights management, licensing and royalty services for the music industry, and SoundExchange, the organization selected by the Copyright Royalty Board to distribute digital performance royalties to recording artists and record labels, have teamed up to notify thousands of artists and labels of unclaimed performance royalties collected by SoundExchange.
As a result of this collaborative effort, artists and labels that have not yet registered with SoundExchange will be notified of unclaimed royalties from the non-interactive digital streaming of their recordings. The royalties are generated from digital service providers such as SiriusXM satellite radio, Pandora, Yahoo, Live 365.com and AOL as well as digital cable and satellite TV services. To date, SoundExchange has paid out more than $800 million in performance royalties for billions of digital performances.
As part of SoundExchange’s ever-expanding outreach, this joint effort impacts more than 14,000 artists and 1,200 labels that collectively are owed more than $10 million. These artists and labels were identified using HFA’s expansive database, which uniquely positions the company to assist SoundExchange in its efforts to ensure that rights-holders receive their fair share of these royalties.
“We are excited to join forces with the team at SoundExchange, an organization that shares our belief that artists and rights-holders should be properly compensated for the use of their work,” says Gary Churgin, president and CEO of HFA. “This collaboration enables HFA to leverage our capabilities to benefit so many deserving artists.”
"SoundExchange is pleased to work with HFA, as we have with more than 125 organizations from across the industry, in our ongoing efforts to spread news of these royalties to all the people who deserve the funds," says Michael Huppe, president of SoundExchange. "We are asking all identified artists and rights owners to register with us to ensure they receive their fair share of these royalties. In this emerging industry, every revenue stream counts."
Artists and labels can register with SoundExchange, free of charge, to receive their share of these royalties. For more information, or to register, visit www.soundexchange.com.
For more information about HFA, visit www.harryfox.com.