Take your royalty checks, SoundExchange begs - latimes.com.
So far, the group has distributed about $360 million to more than 45,000 artists and copyright holders. But at any given time, about 25% of the money SoundExchange gets from online music services such as Pandora, XM Radio and Last.fm can't be distributed because the artists can't be tracked down. Currently, that amounts to about $50 million. And with the rising popularity of Internet radio, the cash pile has been growing, said John Simson, SoundExchange's executive director.
