SoundExchange pays out nearly $1 billion to musicians each year, but the lack of attention around it highlights the music industry’s overall disorganization. SoundExchange collects money from 3,100 online outlets — Pandora and SiriusXM are two of the biggest — and has no sign-up fee. So why does it need to chase artists down to give them their money?
Source: The $1 Billion Waiting For Artists Who Know Where to Look