VerseOne Distribution Partners SoundExchange
VerseOne Distribution Partners SoundExchange.
In a bid to better serve artistes and record labels, VerseOne Distribution has gone into a direct partnership with SoundExchange, an organization that collects and distributes digital performance royalties on behalf of more than 199,000 recording artists’ and master rights owners. This alliance will allow VerseOne Distribution to directly collect digital performance royalties on behalf of its client artistes and record labels from sources such as non-interactive webcasts, satellite and digital cable TV, and satellite radio services etc. We can now identify and claim previously unclaimed digital performance royalties and thereby claim the label share of the royalties and distribute same to independent artistes. Furthermore, artists can now opt into this program on our platform. This is just one of a range of new updates VerseOne Distribution will lunch in the first quarter of 2020.
ABOUT VERSEONE DISTRIBUTION
VerseOne Distribution provides digital music distribution services and publishing administration services to independent musicians and record labels for no upfront fees but rather a fair commission share.
SoundExchange provides royalty solutions for sound recordings and publishing, serving as a critical backbone to today’s digital music industry. Its technology solutions help turn massive amounts of data into accurate revenue for creators and include: Music Data Exchange (MDX), International Standard Recording Codes (ISRC) Search, and the Notice of Intention to Use (NOI) LOOKUP. To date, SoundExchange has paid out more than $6 billion in royalties.