This post was not written by a Nigerian prince.
SoundExchange, a nonprofit group that collects digital music royalties on behalf of artists, on Wednesday said that around 50,000 musicians have unclaimed money with the group totaling more than $31 million. The amounts range from $10 to $100,000 per artist or label, the group said.
Those who want to see if a check is waiting for them should visit SoundExchange and check the database.
Among the names listed are
Created in 2000, SoundExchange collects performance royalties from digital radio companies offered by services such as
The sums collected from online, cable and satellite radio are nothing to sneeze at. More than $1 billion has been paid out to artists and record labels over the years, the group announced in June.
The amount keeps going up as the number of Internet radio listeners continues to grow and as SoundExchange succeeds in recruiting more artists to come pick up their royalty checks. In the first quarter of this year, it paid out $108.6 million, the first time SoundExchange exceeded $100 million in payments in a three-month period.