This is truly good news for performers. David Byrne is not only a tireless and eloquent advocate for all artists, he is a classy guy. We could not be more pleased by this announcement.
SoundExchange is the independent non-profit collective management organization representing the entire recorded music industry. The organization collects statutory royalties on behalf of over 100,000 recording artists and master rights owners for the use of their content on satellite radio, Internet radio, cable TV music channels and other services that stream sound recordings. The Copyright Royalty Board, created by Congress, has entrusted SoundExchange as the sole entity in the United States to collect and distribute statutory digital performance royalties from more than 2,500 services. SoundExchange has paid out more than $2 billion in royalties since its inception. For more information, visit http://www.SoundExchange.com or http://www.facebook.com/soundexchange.