While SoundExchange reporting will not change much in 2018, we want to make sure you’re aware of a couple of things that will be different in the new year.
The first big change is that the Statement of Account Report that most stations previously filled out in an excel worksheet and mailed in, will now only be available to submit on the SoundExchange Licensee Direct portal. As always we are available to walk anyone through the new process. Once you’re familiar with the process it should take about the same amount of time (or less) and save you on shipping costs mailing the report each month.
In other SoundExchange news, they have previously announced that rates will increase from the 2017 rate of $.0017 per performance to $.0018 per performance in 2018. The per performance rates are based on the Consumer Price Index, and the Copyright Royalty Board adjusts the rates each year if necessary. Your $500 yearly minimum will not change in 2018. If you’d like to read more, head over to the BroadcastLawBlog for additional analysis.
We hope it’s a Happy and Healthy 2018 for all!