Another Reminder Of Why Metadata Matters

Shame: SoundExchange Is Now Sitting On Nearly $300 Million In Unpaid Artist Royalties…

Fast-forward to the present, and SoundExchange is now showing an unpaid artist account balance of $294 million. Here’s how SoundExchange breaks down this latest monstrosity:

$111 million in ‘unpayable’ funds.

Of that…

$43 million are ‘unclaimed funds.’
$23 million stuck due to ‘bad metadata.’
$23 million stuck due to ‘unclaimed money by foreign collecting societies.’
$22 million stuck due to ‘account issues and paperwork.’

Boldfaced emphasis added by me.

Now it could be, given their history here, they are outright lying about the metadata.

On the other hand, look at how they’re using it as a reason!

Additional:

The Trouble with Google Books
Why Publishers Fear Metadata
My Day on Kindle Nation

Previously here:

Anonymous Betrayed By Metadata!
Metadata: Like Wheels On A Car
Twitter Misses The Metadata Boat