Orphan Royalties [9:10 pm]
Tens of thousands of performers have failed to claim their digital dues from the Recording Industry Ass. Of America’s royalties agency, SoundExchange. If they don’t get in touch by the end of the year, SoundExchange will keep the royalties that were owed to them between 1996 and 2000.
SoundExchange was set up to bring the US into step with the rest of the world by paying a performers a royalty. ASCAP, BMI and SESCAP are the collection agencies responsible for distributing the songwriting royalty. SoundExchange’s remit covers satellite broadcasts, cable music and webcasts.