I posted this information a while back but I think it is important for all artists, producers and musicians to be aware of this revenue stream especially in today’s internet dominated music market. There is money out there for you, but YOU HAVE TO REGISTER! – ITS FREE!
When you are creating a recording there must be an agreement in place with the Artist, Producer and possibly the musicians on how these royalties will be distributed. Dont wait til after the song is released or uploaded because you know how people can be if you try to negotiate this later when a million views/streams start showing up… I will be working this way from now on with anybody I work with in the future and there are standard Agreement forms and Letter of Direction (for Producers, Musicians) on the SoundExchange website. www.soundexchange.com
SoundExchange is the non-profit performance rights organization that collects statutory royalties from satellite radio (such as SIRIUS XM), internet radio, cable TV music channels and similar platforms for streaming sound recordings. The Copyright Royalty Board, which is appointed by The U.S. Library of Congress, has entrusted SoundExchange as the sole entity in the United States to collect and distribute these digital performance royalties on behalf of featured recording artists, master rights owners (like record labels), and independent artists who record and own their masters.
If you are a featured recording artist or a sound recording copyright owner (SRCO), producer or creative contributor, you may have earned digital performance royalties for the use of sound recordings you own or on which you performed. Artists and SRCOs should register with SoundExchange as soon as possible, even if you’re a member of another performance rights organization, as only SoundExchange can provide digital royalties. Registration is fast and always free. Copyright holders and featured artists (generally, the most visible person, in print or image, on the physical package of a recording) are paid through SoundExchange. Session players and back-up musicians are paid from a separate royalty fund.