6/26/2018 3:11:38 PM
Sound Exchange report, Capitol Hill and Sirius XM Settlement $150 million
Capitol Hill Notes: TAKE ACTION: Senate Markup of Music Modernization Act Occurs This Week
On June 28, the Senate Judiciary Committee is scheduled to consider the Music Modernization Act (S. 2823), the comprehensive music licensing reform legislation that has brought together the broadest coalition of music creators around a single bill in decades.
In April, the House of Representatives voted unanimously (415-0) to pass the bill, but the few opponents of the package are trying to slow the bill's progress in the Senate. The Senate Judiciary Committee markup is one opportunity for opponents to try to derail our progress.
Royalty Notes: $150 Million Settlement with SiriusXM will Benefit Recording Artists and Rights Owners
On June 7, SoundExchange reached a settlement with SiriusXM resolving longstanding disputes related to SiriusXM's statutory royalty payments for the public performance (and the making of related ephemeral copies) of sound recordings for the period January 1, 2007 through December 31, 2017.
SiriusXM will pay $150 million to settle lawsuits we filed in 2013 and 2017. SoundExchange will distribute the settlement funds to the rights owners and recording artists whose sound recordings were reported by SiriusXM under the statutory license.
The settlement also resolves audits of the company for the period covered by the settlement.
The settlement does not affect the ongoing rate determination case, SDARS III. In December 2017, the Copyright Royalty Board (CRB) issued its determination of rates for SiriusXM, Music Choice and Muzak for 2018-22. The CRB increased rates by 41 percent - from 11 percent of revenue to 15.5 percent of revenue. Since the CRB's decision, SiriusXM has filed a motion to ask the CRB Judges to reconsider its decision and change the new rate to 14.7 percent.
Publishing Notes: SXWorks Announces NOI Premium Services - Solutions to Tackle the "Address Unknown" Problem
SXWorks, a subsidiary of SoundExchange, unveiled two new services on June 12 to expand upon NOI LOOKUP, the innovative new tool launched earlier this year to help music publishers and songwriters search the more than 70 million address unknown Notice of Intention to Use (NOI) filings made with the U.S. Copyright Office.
NOI Premium Services will give publishers and songwriters more opportunities to claim unpaid mechanical royalties from digital service providers (DSPs) and facilitate communication for creators with DSPs and the Copyright Office.
The new NOI Premium Services are Works Claiming and Recordation
New Development Notes: Music Data Exchange: A Business Solution for Labels and Publishers
We've unveiled Music Data Exchange (MDX), an important new application to facilitate the exchange of sound recording and publishing data between record labels and music publishers, and it's already creating a buzz.
"Our central goal for MDX was to create a centralized, rational process for labels to request publishing data and for the publishers to respond to those requests on a central site," SoundExchange President and CEO Michael Huppe said. "We've done that."
MDX is a free software application developed in cooperation with the Recording Industry Association of America (RIAA) and National Music Publishers Association (NMPA) to provide a central database of pre-release metadata and publisher rights, and claiming capabilities. The site employs the latest in automated messaging to enable high-volume, real-time data exchange.
Monthly Tips & Cues: SoundExchange Direct Gives Artists, Authorized Reps Crystal Clear View into Account Info
SoundExchange Direct has become an indispensable tool for tens of thousands of recording artists, rights owners and their authorized representatives - business managers, agents, lawyers and accountants.
SoundExchange Direct is the fastest, most efficient way for people to review statements and manage their accounts. It allows users to easily dive deeply into their payment data and verify or update their account information. Some of the key features of SoundExchange Direct include:
An interactive view of recent revenue data by song and by service
Full payment history and statements archive, back to 2012
24/7 online access to review and update account information
Ability to submit repertoire data and Letters of Direction