GPS | News
What is SoundExchange? The first in our four part video series on Sound Exchange. We take a look at it from the perspective of a producer, mixer or engineer with a royalty on a recorded release. GPS founding partner & manager Jerimaya Grabher answers Part 1. Click post to view full video.
I’m a producer and/or mixer. What is SoundExchange and why should I care?
SoundExchange is a non-profit performance rights organization. It administers a statutory license which allows services to stream artistic content for a pre- determined fee set by the copyrights royalty board. Specifically, SoundExchange collects for non-interactive digital transmissions. So things like: SiriusXM, Pandora and Internet Radio.
Unlike ASCAP or BMI, who collect on behalf of songwriters and publishers, SoundExchange collects and distributes on behalf of record labels and featured artists. Where ASCAP and BMI deal with the copyright of the composition, SoundExchange deals with the copyright of the sound recording itself.
You should care because if you are a producer or mixer with a royalty on a released recording, you may be eligible to receive a percentage of the featured artist’s Sound Exchange royalties. SoundExchange distributes royalties directly to the artist and copyright owners. It is also possible to have SoundExchange distribute your share directly to you provided you have a letter of direction: a signed letter from the artist authorizing SoundExchange to pay your share directly to you.