SoundExchange Q1 Collections Down. Why?

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The company says that’s because of direct deals Pandora has with the labels. Collections in Q1 were $161.9 million, compared to $189.3 million in Q1 of 2016. The company says even though collections were down, membership is up, with 10,000 new artists and rights owners joining SoundExchange in the first quarter. 32,000 members received a payout in Q1.

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