Home

Royaltie

IODA to Distribute Artists' Digital Music Royalties from SoundExchange

Authored by Mark Hefflinger on January 18, 2006 - 4:21am.
San Francisco - The Independent Online Distribution Alliance (IODA), a provider of digital distribution for independent music, announced on Wednesday that it has partnered with SoundExchange to become the first such distributor to offer integrated royalty payments to independent labels. Under the deal, IODA will distribute future and past royalty payments from SoundExchange to its roster of more than 1,000 labels. SoundExchange collects and distributes royalties for songs played on webcasts, satellite radio, and cable and satellite TV. "SoundExchange provides a tremendous service to rightsholders by making sure they are fairly compensated for digital performances," said IODA founder and CEO Kevin Arnold. "Many smaller labels have essentially been leaving this money on the table by not registering with SoundExchange. By integrating SoundExchange's payments, IODA is pleased to be able to offer our label partners the ability to quickly and easily monitor all of their digital earnings in one central location."
tags: Music | IODA | Digital Music | Artist | Royaltie | SoundExchange |