Printer Friendly

IODA Announces Groundbreaking Deal with SoundExchange; First Independent Aggregator to Administer and Distribute Digital Performance Royalties.

SAN FRANCISCO -- IODA -- the Independent Online Distribution Alliance -- today announced it has signed a deal with SoundExchange, the nonprofit performance rights organization that collects and distributes royalties for sound recordings played on webcasts, satellite radio and television, and digital cable television. IODA is the first digital music distributor to offer the integration of this service, allowing its roster of more than 1,000 independent rightsholders the option to manage and collect all their digital revenue in one place. Royalty collection and distribution via IODA is expected to begin in early 2006.

Under the terms of this arrangement, IODA will provide all necessary data to SoundExchange for the labels that opt to collect the copyright holder portion of the digital performance royalty through IODA. In addition to collecting future royalties, IODA will also administer distributions of past royalties on behalf of the labels that opt in to the service. IODA-distributed labels will be able to track royalties collected from SoundExchange alongside the rest of their digital royalty earnings via the Rightsholder Dashboard, IODA's web-based business management tool that enables labels to review licensing deals, manage catalog and account information, access sales and royalty reports, and approve and authorize digital distribution of their catalog.

"SoundExchange provides a tremendous service to rightsholders by making sure they are fairly compensated for digital performances," said IODA founder and CEO Kevin Arnold. "Many smaller labels have essentially been leaving this money on the table by not registering with SoundExchange. By integrating SoundExchange's payments into the Rightsholder Dashboard, IODA is pleased to be able to offer our label partners the ability to quickly and easily monitor all of their digital earnings in one central location."

"SoundExchange is pleased to be working with IODA to accomplish our mission: the distribution of performance royalties to all entitled record labels and featured performing artists at the most efficient cost possible," said John L. Simson, Executive Director, SoundExchange. "We appreciate IODA alerting their labels to this important new revenue stream."

About IODA

IODA -- the Independent Online Distribution Alliance -- is the industry-leading digital distribution company for the global independent music community. IODA provides comprehensive services to record labels, physical distributors, and artists, including license negotiations; media encoding and metadata management; royalty payment administration and reporting; and promotional support through the IODA Digital Marketing division. Founded in 2003, IODA represents a rapidly expanding roster of over 300,000 tracks from more than 1,000 independent labels around the globe. The IODA catalog ranges from established classics to modern up-and-comers in all genres, including favorites such as Antony and the Johnsons, London Symphony Orchestra, Bebel Gilberto, Billie Holliday, They Might Be Giants, The Hives, The Wrens, Ryuichi Sakamoto, Van Morrison, and Fela Kuti. IODA distributes its client catalog to all major digital music services including the iTunes Music Store, RealNetworks' Rhapsody, MSN Music, Napster, Yahoo!, Sony Connect, MusicNet, eMusic, OD2, and over 150 other retail outlets. IODA was named one of FORTUNE magazine's 25 Breakout Companies for 2005. The company's web site is located at http://www.iodalliance.com.

About SoundExchange

SoundExchange is the first performance rights organization in the United States to collect and distribute digital audio transmission royalties to artists and sound recording copyright owners. SoundExchange represents over 1,000 different record companies and 12,000 recording artists, and is seeking out more labels and artists who are owed royalties for sound recordings played on digital cable and satellite television music services, satellite radio services or streamed via noninteractive webcast. The nonprofit organization is governed by a board of artist and label representatives. Services include track level accounting of performances to all members and collection and distribution of foreign royalties to all members. All artists, labels and/or their representatives are invited to visit www.soundexchange.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jan 18, 2006
Words:625
Previous Article:Luxury Institute Customer Experience Survey Finds Mandarin Oriental #1 Among Top Luxury Hotels in Customer Experience.
Next Article:ConocoPhillips to Hold Fourth-Quarter Conference Call Wednesday, Jan. 25.
Topics:


Related Articles
Turning melodies into royalties: the real avenue in the music business is in the ownership rights to the hits. Here's how to publish and not perish.
BUSINESS NOTES.
WELL-MADE `SICK' HARD TO DIGEST.
American Federation of Musicians backs copyright decision. (Items of Interest).
Let the (Web) music play: despite growing audience, fledgling Internet radio stations have a tough, uphill battle. (Black Digerati).
DISNEY DIGITAL 3D TO DEBUT THIS YEAR.
Webcom Communications to launch two journals in 2006.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters