SoundExchange announced a record-setting first quartrer distribution of digital royalties. The independent performing rights organization announced that $162.4 million were distributed to artists and labels in the first quarter of 2014, marking their largest Q1 payment to date. The report also indicated that SoundExchange payments represented 8.4% of all recorded revenue in the US in 2013. MORE: Amazon Prime Music is now available for Prime members in the US. Amazon's new streaming service will compete with Spotify and Apple. According to Amazon, members will have access to over a million songs. Amazon hopes that the new service will increase Prime...

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