SoundExchange and VEVA Sound have created a partnership designed to increase the accuracy and efficiency of royalty payments. Using cloud-based technology, the partnership will make it easier for creators registered with SoundExchange to receive the royalties to which they are entitled.
“SoundExchange is committed to ensuring that creators are fairly compensated for their work. By integrating this metadata into our systems, we can augment our already best-in-class data platform to better pay creators when their recordings are used. “Said Michael Huppe, President and CEO of SoundExchange. “We look forward to working with VEVA Sound to increase the accuracy of our creators’ credits and build a fairer, simpler and more efficient music industry.”
“We are thrilled to partner with SoundExchange in this ability to not only streamline in-studio credit collection, but also now provide our users with a method to securely send their data to SoundExchange and help facilitate accurate payments. to everyone involved in the royalty stream,” said Deborah Fairchild, President of VEVA Sound. “We see this as an important next step in the interoperability of leading companies in the music industry.”