SoundExchange Collected $1.017B in 2022, a 4% Decrease From Last Year
declared 2022 a “tremendous year” for SoundExchange, in a note leading the organization’s annual report.
As a percentage of revenue, SoundExchange claims a 6.6% operating administration rate or a 7.2% consolidated administration rate. Either way, the organization claims it has “maintained one of the music industry’s lowest admin rates. According to Huppe’s note in the annual report, SoundExchange also “unveiled a suite of next-generation solutions to make the business of music easier and fairer — including a new look, a new website that serves as a resource for creators, publishers, and digital service providers, and a mobile app to give creators easy on-the-go access to their accounts.”
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