10,000 Sonicbids Members Get $4 Million From SoundExchange
Nearly 10,000 Sonicbids members got holiday presents in the form of $4 million from SoundExchange. The two companies partnered to identify indie artists using the Sonicbids electronic press kit system that are owed unclaimed digital performance rights.
SoundExchange is a non-profit that collects performance royalties from satellite and Internet radio, streaming sound recordings and other mostly online music sources. They also recently partnered with ReverbNation to find indie artists eligible for royalties. Artists can log on to their Soncibids account to see if they are owed money form SoundExchange or learn more about the partnership here.