▁paid ▁more ▁than ▁$ 5 ▁billion , ▁with ▁recording ▁artists ▁and ▁rights ▁hold ers ▁paid ▁$ 8 8 4 ▁million ▁in ▁ 2 0 1 6 ▁alone . ▁ ▁Pur pose ▁Sound Ex change ▁exists ▁to ▁admin ister ▁stat ut ory ▁lic enses ▁for ▁sound ▁recording ▁copy right s , ▁primarily ▁through ▁the ▁collection ▁and ▁distribution ▁of ▁roy alt ies ▁for ▁sound ▁recording ▁performances ▁occurr ing ▁under ▁the ▁juris diction ▁of ▁federal ▁law . ▁Sound Ex change ▁handles ▁the ▁following ▁duties ▁with ▁respect ▁to ▁stat ut ory ▁lic enses : ▁Collect s ▁performance ▁roy alt ies ▁from ▁the ▁stat ut ory ▁license es ; ▁Collect s ▁and ▁processes ▁all ▁data ▁associated ▁with ▁the ▁performance ▁of ▁the ▁sound ▁record ings ; ▁Al loc ates ▁roy alt ies ▁for ▁the ▁performance ▁of ▁the ▁sound ▁recording ▁based ▁on ▁all ▁of ▁the ▁data ▁collected ▁and ▁processed ; ▁Dist ributes ▁the ▁featured ▁artist ' s ▁share ▁directly ▁to ▁the ▁artist ; ▁Dist ributes ▁the ▁copy right ▁owner ' s ▁share ▁directly ▁to ▁the ▁copy right ▁owner ; ▁Dist ributes ▁the ▁non - feature d ▁artist ' s ▁share ▁to ▁S AG - AF T RA ▁and ▁A FM ' s ▁Intel lect ual ▁Property ▁Rights ▁Distribution ▁Fund ; ▁and ▁Prov ides ▁detailed ▁reports ▁summar izing ▁the ▁titles , ▁featured ▁artists , ▁and ▁royal ty ▁amounts ▁for ▁each ▁of ▁the ▁sound ▁record ings ▁performed ▁by ▁the ▁stat ut ory ▁license es . ▁ ▁An ▁administrative ▁fee ▁is ▁dedu cted ▁from ▁roy alt ies ▁before ▁they ▁are ▁distributed , ▁with