|Unclaimed Assets: Money The Government Owes You!|
Satellite Radio / Internet Radio Unclaimed Music Royalties
|Digital music royalty payments owed recording artists, musicians & rights owners|
The Digital Performance
Right in Sound Recordings Act of 1995 (DPRA) and the Digital Millennium
Copyright Act of 1998 (DMCA) mandated the payment of royalties to
recording artists, master rights owners (record labels) and independent
artists, for use of their work in digital and satellite transmissions.
Royalties are generated from satellite radio play (SIRIUS & XM Radio), internet radio, cable and satellite TV music channels, webcasts and similar platforms which stream digital sound recordings.
Sound Exchange, a non-profit performance rights organization created by Congress, distributes digital performance royalties for over 3,500 record companies and their 6000 labels. SoundExchange is required by law to collect these royalties on behalf of artists and copyright holders, but thousands of recording artists and rights owners have left millions of dollars unclaimed.
To date SoundExchange has distributed in excess of $1 billion to artists and copyright holders. At any given time, however, approximately one-third of the $100 million plus collected annually from online music services can't be distributed, because the artists can't be located. With the increasing popularity of Internet radio, the unclaimed cash is expected to grow dramatically.
If you’re a recording artist or you own rights to sound recordings that may have been distributed via satellite radio, internet radio, satellite or cable television, complete the form below to initiate a search.
|Digital Music Unclaimed Royalty Search|
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