We covered the SXSW 2014 Music Conference sessions related to copyright and licensing earlier in the season. Today, we turn our attention to the end result of the artist protecting and licensing his or her work: royalty payments. There are several sessions at this year’s conference focused on maximizing monetary returns for rights holders through multiple channels - from YouTube videos to international licensing.
The time to pay attention to the state of music royalty payouts is now: last month, the United States Copyright Royalty Board started the proceedings to determine webcasting royalty rates for 2016-2020. Multiple stakeholders will be involved in this process, including performance rights organizations and online streaming companies.
SoundExchange’s record-setting payment distribution in 2013 shows that royalty payouts are continuing to climb. The performance rights organization made $590.4 million in payments to recording artists and record labels, which was up 28% from 2012 dividends. SoundExchange collects royalties primarily from non-interactive internet, satellite, and cable radio services.
Attend the SXSW Music Conference to learn more about the current state of royalties, how to maximize payments in the digital world, as well as many more pressing industry topics. We’ve outlined sessions related to music royalties below.
SXSW 2014 Music Speaker Rich Stumpf. Photo by Mallory Turner.