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.
$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!