If you are a recording artist you should sign up with SoundExchange. If you are not signed up you are missing out on royalties that are due you.
WHAT IS SOUNDEXCHANGE
SoundExchange is a non-profit performance rights organization that collects statutory royalties from satellite radio (such as SIRIUS XM), internet radio (like Pandora), cable TV music channels and similar platforms for streaming sound recordings.
The Copyright Royalty Board, which is appointed by The U.S. Library of Congress, has entrusted SoundExchange as the sole entity in the United States to collect and distribute these digital performance royalties on behalf of featured recording artists and master rights owners.
There currently is no royalty for artists and record companies for the use of their recordings on terrestrial radio but there is a royalty for digital performances which includes internet & satellite radio. SoundExchange collects these royalties and pays the record companies their share and they pay the artists, producers & featured performers their shares directly.
WHO CAN JOIN
Any recording artists, producers and featured artists that are on recordings that have been released can and should join as well as any record companies that release music. It is free to join.
All you have to do is go to their website and sign up. They will ask you to fill out a spreadsheet that lists the recordings that you are on. You will need to include the following information: Artist, Track Title, Album Title, Label, ISRC, Album UPC, Release Date, Recording Location, Distributor (if different from the label name) and publisher.
You should have this information gathered prior to trying to sign up.
SoundExchange is just one of the many possible income sources for artists these days. If you are not signed up you will not receive any of these royalties that you deserve. If you are serious about your art and are trying to make a living off of it then SoundExchange is a must.
SoundExchange is currently lobbying Congress for there to be a master performance royalty for terrestrial radio. In the United States terrestrial radio has historically been seen as a promotional vehicle for record companies and artists but not an income source. Only the publishers and songwriters receive royalties currently from terrestrial radio. I am a supporter in SoundExchange and their fight to get royalties for artists from terrestrial radio.