US performance rights organization SoundExchange distributed USD $269 million in digital royalties to creators in the second quarter of 2023. The distribution marked a17% YoY increase from the same period last year, SoundExchange said in a press release. This resulted in H1 2023 distributions reaching $498 million, up 7.1% from $464.9 million in the first half of 2022.
Source: SoundExchange paid out $498m to artists and labels in the first half of 2023