Begin forwarded message:
From: Ken Irwin <KIrwin@rounder.com>
Date: October 14, 2012, 8:45:58 PM EDT
To: "ibma-members@googlegroups.com" <ibma-members@googlegroups.com>, Bluegrass music discussion. <BGRASS-L@LSV.UKY.EDU>, "nebg@bbu.org" <nebg@bbu.org>
Subject: NEBG: Register for Sound Exchange NOW!
Subject: Register for Sound Exchange NOW!
I am just passing this along and have not looked into it, so I apologize if there is incorrect information. All artists who have released albums should register with SoundExchange anyway. It doesn't cost anything and many of our artists have received thousands of dollars.
A lot of money which has been collected and not claimed will very soon not be able to be claimed.
Please sign up today. It doesn't cost anything and it doesn't take too long to do and it doesn't commit you to anything. And it can bring you money you don't know you're owed.
http://www.soundexchange.com/performer-owner/membership/
If you are releasing your own albums, you will be able to receive both the label and the artist portion.
From Wikipedia:
SoundExchange is a non-profit performance rights organization that collects royalties on the behalf of sound recording copyright owners (SRCOs - record labels, generally) and featured artists for non-interactive digital transmissions, including satellite and Internet radio.
The Digital Performance Right in Sound Recordings Act of 1995 and the Digital Millennium Copyright Act of 1998 together granted a performance right for sound recordings. As a result, copyright law now requires that users of music pay the copyright owner of the sound recording for the public performance of that music via certain kinds of digital transmissions.
Purpose: SoundExchange exists to administer statutory licenses for sound recording copyrights, primarily through the collection and distribution of royalties for sound recording performances occurring under the jurisdiction of U.S. law. SoundExchange handles the following duties with respect to statutory licenses:
Collects performance royalties from the statutory licensees;
Collects and processes all data associated with the performance of the sound recordings;
Allocates royalties for the performance of the sound recording based on all of the data collected and processed;
Distributes the featured artist's share directly to the artist;
Distributes the Sound Recording Copyright Owners' share directly to the copyright owner;
Distributes the non-featured artist's share to AFTRA and AFM's Intellectual Property Rights Distribution Fund; and
Provides detailed reports summarizing the titles, featured artists and royalty amounts for each of the sound recordings performed by the statutory licensees.
An administrative fee is deducted from royalties before they are distributed, with remainder being divided between the performing artists on a given recording, and the copyright owner of that recording.
SoundExchange is also a membership organization, representing over 31,000 featured artists and 3,500 record labels, as of October 2008. Members are able to be awarded royalties from other countries that have reciprocal agreements with SoundExchange for eligible international performances. SoundExchange membership offers other benefits, as well.
http://www.digitalmusicnews.com/permalink/2012/121011royalties
Make sure to register by this Monday
Fair? Artists Will Start Losing Their Unclaimed Radio Royalties on Monday...
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