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Form W 8BEN SoundExchange
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People also ask
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Do I need SoundExchange if I have BMI?
SoundExchange vs BMI is the same as digital vs live/public. For Pandora, SiriusXM, and other non-interactive mediums, SoundExchange is needed to collect songwriter royalties from them. Whereas BMI will collect royalties for public performances such as radio or restaurants. -
What does an employer do with Form W 8BEN?
The W-8BEN is an Internal Revenue Service (IRS) mandated form to collect correct Nonresident Alien (NRA) taxpayer information for individuals for reporting purposes and to document their status for tax reporting purposes. -
How much does SoundExchange cost?
Registering with SoundExchange is free and easy to do using our online registration. -
Do I need to register with SoundExchange?
Should I register with SoundExchange?  SoundExchange does not currently collect or distribute royalties for songwriters or publishers. If you are also a Featured Artist on sound recordings or the owner of sound recordings, then you should register with SoundExchange. -
What is the rate for SoundExchange 2023?
2021 Amount: $650 in 2023, per station or channel. All payments must be accompanied by a signed and completed minimum fee Statement of Account. Recuperability of Minimum Fee: The minimum fee is credited against monthly liability accrued within the same calendar year. ... Due date: Annual, on or before January 31. -
How often does SoundExchange pay royalties?
Quarterly checks are issued when the royalties payable to a registered SoundExchange creator signNow $100 or more. If royalties due are less than $100, we hold them until they signNow the threshold, at which time we will issue a payment. -
What percentage does SoundExchange take?
Great question, thanks for asking! Under United States Copyright Law, the rights owner is entitled to receive 50% of all SoundExchange royalties; the featured artists are entitled to 45% of all SoundExchange royalties; and the non-featured artists are entitled to share the remaining 5% of SoundExchange royalties via ... -
Does 50% of SoundExchange royalties go to the sound recording owner?
Under the law, 45 percent of performance royalties are paid directly to the featured artists on a recording, and 5 percent are paid to a fund for non-featured artists. The other 50 percent of the performance royalties are paid to the rights owner of the sound recording.
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