on a confidential basis…royalty earnings history

Just like all performance rights organizations, record companies, publishers, etc.
ll money stuff is confidential.

That means no audits for the benefit of artists and no comparisons between artist. Very nice for the industry side.

Under Section 114 of the Copyright Act, payment of the statutory Internet performance royalty goes through SoundExchange (as the only authorized collective) and it always has. If the webcaster and a label make a direct (non-statutory) license deal, the payment goes directly to the label. (More on this in a note to come.) As the settlement with the NAB will be formally made part of the CRB rate structure, it will be treated as a statutory payment, and thereby go to SoundExchange and not the label.

Fred

This is a joke? Label contracts insure that all money goes to and through the labels. There accounting magic does their tricks and artists get little or nothing.