A question I get asked occasionally is what exactly is the interaction between the CPB/SX agreement and other performing rights agencies.
Q: Do SoundExchange reports supersede or replace the reports we file with BMI, ASCAP or SESAC?
A: No. While all four are performing rights organizations, BMI, ASCAP, and SESAC collect and distribute royalties for songwriters, composers and music publishers related to the public performance of their copyrighted work. SoundExchange, on the other hand, collects and distributes royalties for featured recording artists and sound recording master rights owners (i.e. recording labels or independent musicians) related to the non-interactive digital transmissions (e.g. via the internet or satellite radio) of their copyrighted recordings.
Think of SoundExchange as covering the performance, and BMI, ASCAP and SESAC as covering the authorship.
So, in short, no, SoundExchange reporting does not supersede (or eliminate the need for) BMI/ASCAP/SESAC reporting.
Currently BMI is accepting the report we generate each quarter to cover their specific streaming authorship royalties - through 2016.
Also please note these agreements are just for live streaming, on-demand, pod-casting, terrestrial broadcasting or other transmissions are not covered under this agreement.