The milestone came with February’s royalty payout, SoundExchange said in a statement on Monday (February 24). It comes less than a year after SoundExchange’s payouts passed the $11 billion mark in 2024. The non-profit also reported it had distributed $248.6 million to creators in Q4 2024, bringing gross distributions for 2024 to $1.05 billion, up 4.9% year over year.
Source: SoundExchange surpasses $12bn in distributions to artists and rightsholders to date