Music streaming royalties finally begin to add up

. Digital music has become increasingly popular over the years, and now it looks like new methods of digital music distribution are finally starting to pay off. SoundExchange, which processes royalty payments for online music streams, confirmed on Monday that it has paid artists and record companies a total of $1 billion since being founded in 2000. "The way the industry is going, it is about multiple revenue streams, not just one," Michael Huppe, SoundExchange's president, said in an interview with The New York Times. The company's quarterly payments to artist and record companies exceeded $100 million for the first time this year.

Boy Genius Report , Music streaming royalties finally begin to add up, Music streaming royalties finally begin to add up