What is the difference between SoundExchange and BMI?

What is the difference? Answer: The royalties SoundExchange collects and distributes are for the featured artist and the sound recording copyright owner. ASCAP, BMI and SESAC collect and distribute royalties for the songwriter, composer and publisher for the musical composition.

Do I need sound exchange?

Known as mechanical royalties, and are paid to publishers and artists. If your music is played on the radio and interactive streaming services, then you should definitely consider registering with Songtrust and SoundExchange.

What percentage does SoundExchange take?

Royalties administered by SoundExchange are apportioned 45 percent to the Featured Artist(s), 50 percent to the Rights Owner, and 5 percent to a fund administered by AFM and SAG-AFTRA for distribution to Non-Featured artists (e.g., session players).

Is SoundExchange legit?

SoundExchange is a non-profit organization established by the Copyright Royalty Board. SoundExchange collects and distributes digital performance royalties on behalf of recording artists, master rights owners (like record labels), and independent artists who own their masters.

Does Spotify pay SoundExchange?

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.

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How much does SoundExchange cost?

There is absolutely no fee when becoming a member with SoundExchange. Current benefits include: Maximize your revenue through foreign royalty collections. SoundExchange has more than 46 collection agreements with counterparts in 35 countries worldwide.

How often is BMI royalty?

BMI Live distributions occur quarterly.

How much does Spotify pay per 1000 streams?

You can expect to make between $3 and $5 per 1,000 streams on Spotify.

How do features get paid?

If the featured artist merely acts as a performer, he will usually get paid for each performance (plus extra fees for broadcasted performances) like a regular band musician. It is totally possible to arrange other deals and pay a featured artist for the opportunity to have his fans listen to your music.

What royalties does Spotify pay?

Every time someone listens to a song on Spotify, it generates royalties. According to this Hypebot piece, as of August 2020, Spotify was paying rightsholders a total of about $0.003 to $0.005 a stream — that’s about ⅓ to ½ a penny.

How do I register with SoundExchange?

Register Online

You may also register by mail, fax, or email by downloading and submitting the completed registration forms to our mailing address or by email to [email protected] If you have questions, please call us at 1-800-961-2091.

Who uses Songtrust?

Because of this, Songtrust works with a variety of different people — from record labels, publishing companies, and lawyers to songwriters, producers, composers, and more. In fact, we have over 350,000 songwriters that put their trust in us to administer their over 3 million copyrights.

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Who collects royalties from streaming?

Mechanicals (short for mechanical royalties) are collected by publishers or a mechanical licensing administrator like the Harry Fox Agency (“HFA”). What publishers keep before paying out to songwriters varies. The HFA currently charges a 11.5% commission on payments collected.

Who collects royalties from Spotify?

Performance royalty rates are primarily set through negotiations between Spotify and your domestic PRO (performing rights organizations such as ASCAP, BMI, and SESAC in the US). In order to capture these royalties, you’ll need to affiliate and properly register your song with the appropriate collection societies.

What percentage of money collected from SoundExchange goes to artists?

Under the law, 45 percent of performance royalties are paid directly to the featured artists on a recording, and 5 percent are paid to a fund for non-featured artists. The other 50 percent of the performance royalties are paid to the rights owner of the sound recording.

Does SoundExchange collect neighboring rights?

While the US does not have a traditional collection society for neighboring rights royalties, there is an agency called SoundExchange that collects digital radio royalties for broadcast on non-terrestrial radio — i.e. satellite radio like SiriusXM, and Internet radio like Pandora, iHeartRadio, and other webcasters.