For many musicians, the ultimate goal is to be able to live solely off their creative efforts. Figuring out ways to monetize your music career, however, can be somewhat like walking through a labyrinth, but thankfully organizations like BMI, ASCAP, and SESAC have come to the aid of many musicians to collect performance royalties.
And now there is one other PRO that you’ll definitely want to be registered with. You might be saying to yourself “Another PRO?!”, but read on to find out why you need to have your music registered with SoundExchange.
What Is SoundExchange?
SoundExchange is a non-profit performance rights organization that collects statutory royalties from satellite radio stations, internet radio, cable TV music channels and similar platforms for streaming sound recordings.
It represents over 3,500 record companies, their 6000 labels and thousands of artists united in receiving a fair price for the licensing of their music in a new digital world.
The Copyright Royalty Board, appointed by The U.S. Library of Congress, entrusted SoundExchange to be the sole entity in the United States to collect and distribute digital performance royalties on behalf of featured recording artists, master rights owners (like record labels), and independent artists who record and own their masters.
Why Register For SoundExchange?
Registering for SoundExchange is completely free (at least for now) and can provide an additional income stream for you once you’ve signed up. If you’ve released any music via digital means then it is highly advisable that you register your music with this performing rights organization.
You may be thinking to yourself, “I’m already registered on ASCAP (SESAC, or BMI)…can’t they collect these royalties?”
The answer is no. ASCAP, SESAC, and BMI are responsible for collecting performance royalties under a different copyright.
If you’re ready to get started register your music with SoundExchange now