In 2018 it was announced that the organization had extended his contract through 2021. Simson left the organization in 2011 and was replaced by Michael Huppe. SoundExchange's first executive director was John Simson, a musician, attorney, and artist manager. SoundExchange was spun off from the RIAA and became an independent non-profit corporation in 2003. In 2002, four years after the Digital Millennium Copyright Act granted webcasters an automatic license to play copyrighted music provided that a royalty was paid, a lengthy arbitration process was concluded, and a royalty rate was set. In 2001, major record labels and artists agreed on a standard for paying royalties earned from cable and satellite music services, and SoundExchange made its first payment, distributing $5.2 million in royalties to recording artists and labels. SoundExchange was created as a division of the RIAA in 2000. As of 2020 it had paid more than $6 billion to recording artists and rights owners. Overseen by a board of directors composed of artists, artist representatives, and sound recording copyright owners, SoundExchange is also an advocate for music licensing reform. It pays featured and non-featured artists and master rights owners for the non-interactive use of sound recordings under the statutory licenses set forth in 17 U.S.C. Congress to collect and distribute digital performance royalties for sound recordings. It is the sole organization designated by the U.S. ![]() ![]() SoundExchange is an American non-profit collective rights management organization founded in 2003.
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