SoundExchange has added there music industry executives and an leading entertainment attorney to its board of directors. The digital performing rights organization just announced a record $953 million royalty distribution in 2018, and its entrance into the publishing space through the acquisition of the Canadian Musical Reproduction Rights Agency (CMRRA).
Joining the SoundExchange board are Mitch Glazier, the Chairman and CEO of the Recording Industry Association of America (RIAA), Alasdair McMullan, Senior Vice President for Business and Legal Affairs at Universal Music Group, Laurie Soriano, a leading entertainment attorney, and Jeff Walker, Executive Vice President and Head, Business and Legal Affairs, Global Digital Business at Sony Music.
Laurie and Jeff were recently appointed to SoundExchange's Board of Directors, and Mitch and Alasdair were appointed at the beginning of the year. Jeff and Alasdair have previously served on SoundExchange's board.
"I am pleased to welcome Mitch, Alasdair, Laurie, and Jeff to the SoundExchange Board of Directors. Their experience and perspective about our rapidly growing industry combined with the deep respect of their peers, will be a tremendous addition to our board and I am looking forward to working with them," SoundExchange President and Chief Executive Officer Michael Huppe said.
"I have worked with Mike and the SoundExchange team for years and I know the positive impact they have made as advocates for music creators. We worked closely together on the fight to pass the Music Modernization Act, and I am honored to join SoundExchange in this capacity." Glazier said.
"While many aspects of the music industry continue to change and evolve, one constant during my career has been to focus on supporting the rights of music creators," McMullan said. "I'm proud to bring that same emphasis to SoundExchange's board and the company's mission of providing royalty solutions for labels and recording artists."
"SoundExchange and its subsidiaries, SXWorks and CMRRA, have developed important tools that benefit recording artists and songwriters alike. I look forward to helping SoundExchange as they continue to deliver new solutions for all creators in our industry" Soriano said.
"Digital royalties like those administered by SoundExchange enable our industry to continue investing in new music. SoundExchange's services are more important than ever to recording artists and to companies that support recording artists. I appreciate the opportunity to serve on its Board once again," Walker said.