The Official Funky Management Blog Based in the Washington, DC Metropolitan area, we are an artist management and representation company dedicated to discovering, developing and delivering exceptional talent to the world.
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LUNATIC - LIVING IN REALITY MIXTAPE
LUNATIC - LIVING IN REALITY MIXTAPE
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"Winning is not a sometime thing; it's an all time thing. You don't win once in a while, you don't do things right once in a while, you do them right all the time. Winning is habit. Unfortunately, so is losing." -Vince Lombardi
Labels and performing artists are seeing good growth from digital performance royalties these days. But could they do better? SoundExchange, the performance rights organization for non-interactive digital music services like Pandora and SiriusXM, paid out $95.8 million in digital performance royalties to recording artist and record labels in the second quarter of 2012.
Payouts of $204.4 million for the first half of 2012 put SoundExchange on track to easily top 2011's disbursements of $249 million. But the second-quarter payout was a noticeable drop from the $108.6 million the organization paid out in the first quarter. That record total, the only that has topped $100 million in a single quarter, was attributed to "data cleanup and technology overhaul efforts."
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