Attention Songwriters, Composers & Lyricists!!
Do you know about Soundexchange?
If you not you may want to google them ASAP. At the top of 2014, they announced that they will be offering monthly royalty payments for all members (see info below)
Most collecting societies offer royalty payments twice a year. I suppose they need the time to organize payments due to the size of their catalogue and to keep their accounting department sane. However, that simply isn’t often enough for the average musician these days.
SX was already competitive by offering quarterly payments for their members. However monthly payments is even better! It won’t matter much to the cash cows and “ballers” of the industry, but for artists making over $250 a month, looks like rent can get paid on time.