SoundExchange Announces New Reciprocal Digital Performance Royalty Collection Agreement in Canada
WASHINGTON, Sept. 25, 2012 /PRNewswire-USNewswire/ -- SoundExchange today announced the signing of a new reciprocal agreement to collect performance royalties on behalf of its recording artist and record label members for certain uses of their sound recordings in Canada.
The agreement also makes it possible for Canadian recording artists and record labels signed to ACTRA Recording Artists' Collecting Society (RACS); Societe de gestion collective de l`Union des artistes (Artisti); Audio-Video Licensing Agency (AVLA); Musicians' Rights Organization of Canada (MROC); and Societe de gestion collective des droits des producteurs de phonogrammes et de videogrammes du Quebec (SOPROQ) to receive digital performance royalties for the use of their sound recordings in the U.S. This agreement was brokered with Re:Sound, the Canadian not-for-profit Music Licensing Company on behalf of the five Canadian organizations.
SoundExchange, a U.S.-based music industry non-profit that helps the music and creative community thrive in the digital world, now holds more than 20 international agreements with other sound recording performance collecting societies from around the world.
"This agreement with Re:Sound is the most recent example of our efforts to maximize worldwide royalty payments for our recording artist and record label members, in every way possible," said SoundExchange President Michael Huppe. "As such, we are increasing our foreign reciprocal agreements, ensuring that U.S.-based recording artists and labels receive payment for their digital performances wherever their sound recordings are used – whether in Canada or around the globe."
The collection of international royalties is one of the many benefits available to anyone that registers and becomes a member with SoundExchange. For more information on SoundExchange's international efforts or to become a member, visit www.soundexchange.com.
SoundExchange is the non-profit performance rights organization that represents the entire recorded music industry. The organization collects statutory royalties from satellite radio, internet radio, cable TV music channels and other services that stream sound recordings. The Copyright Royalty Board, created by Congress, has entrusted SoundExchange as the only entity in the United States to collect and distribute these digital performance royalties for featured recording artists and master rights owners. SoundExchange has paid out more than $1 billion in royalties since its inception. For more information, visit www.SoundExchange.com or www.facebook.com/soundexchange.
Re:Sound Music Licensing Company is the Canadian not‐for‐profit music licensing company dedicated to obtaining fair compensation for artists and record companies for their performance rights. On behalf of its members, representing thousands of artists and record companies, Re:Sound licenses recorded music for public performance, broadcast and new media. All of the money collected by Re:Sound is distributed to its members, less only actual costs. Created in 1997, Re:Sound's member organizations are ACTRA RACS, ARTISTI, MROC, AVLA and SOPROQ. For more information, please visit www.resound.ca.