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June 14, 2005

July Deadline For Unclaimed Royalties

SoundexchangeSoundExchange, the non-profit agency set up by the Recording Industry Association of America to collect royalties from digital performances on satellite and Internet radio, is ready to distribute $5.2 million in royalties collected between 1996 and 2000 - but part of the problem is that it can't locate all of the rightful recipients, since most musicians don't know about the agency or the royalties that they've already earned.

Actually, if you stop and think about it, 5 million is just a drop in the bucket for a 4 year period...Thanks to the satellite radio explosion and Internet broadcasting, the agency expects to collect $40 million in royalties in 2005 alone so musicians should make it a point to register with the agency. According to SoundExchange director John Simson, "It's important that artists sign up now or they're going to lose out on royalties already collected on their behalf...The deadline is July and currently, there are 15,000 artists in the system, but there's upwards of 30,000 more we have still to locate."

My question of the day is this - why should there be a deadline?  If you legally earn money from someone else's usage of your music - why should the right to claim that money disappear?

Posted by Todd in General | Permalink


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I made a Rock and roll single in 1963
and was screwed by the producer because
it wasn't a big hit. I was young and
inexperienced and gave up just to escape
the business with some of my sanity. I
now find that my record is being sold all
over the internet on LP's with other
artists and as a single! I never made
a cent from the horrible thing and my
parents died so I don't know if the
contract was thrown out years ago or
what. Help!(If you can)


Posted by: Nikki | Jul 21, 2005 7:19:09 PM

Joe Mims co-wrote Mr. James Brown's hit"Get on the good Foot" in 1972

Posted by: joseph mims | Oct 21, 2007 2:34:19 PM

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