▁the ▁remainder ▁divided ▁between ▁the ▁performing ▁artists ▁on ▁a ▁given ▁recording , ▁and ▁the ▁copy right ▁owner ▁of ▁that ▁recording . ▁Sound Ex change ▁collect s ▁and ▁dist ributes ▁roy alt ies ▁for ▁all ▁artists ▁and ▁copy right ▁own ers ▁covered ▁under ▁the ▁stat ut ory ▁lic enses . ▁It ▁has ▁collection ▁agre ements ▁with ▁more ▁than ▁ 4 0 ▁international ▁performance ▁rights ▁organizations ▁around ▁the ▁world , ▁allowing ▁it ▁to ▁collect ▁and ▁pay ▁roy alt ies ▁to ▁recording ▁artists ▁and ▁rights ▁own ers ▁when ▁their ▁music ▁is ▁played ▁in ▁those ▁countries . ▁In ▁ 2 0 1 7 , ▁Sound Ex change ▁expanded ▁into ▁music ▁publish er ▁administration ▁with ▁its ▁ac quisition ▁of ▁Canadian ▁mechanical ▁rights ▁society ▁Canadian ▁Musical ▁Re production ▁Rights ▁Agency ▁( C MR RA ). ▁ ▁Author ity ▁and ▁structure ▁Sound Ex change ▁is ▁designated ▁by ▁the ▁L ibr arian ▁of ▁Congress ▁as ▁the ▁sole ▁organization ▁author ized ▁to ▁collect ▁roy alt ies ▁paid ▁by ▁services ▁making ▁e ph em eral ▁ph on ore c ords ▁or ▁digital ▁audio ▁transm issions ▁of ▁sound ▁record ings , ▁or ▁both , ▁under ▁the ▁stat ut ory ▁lic enses ▁set ▁forth ▁in ▁ 1 7 ▁U . S . C . ▁§ ▁ 1 1 2 ▁and ▁ 1 7 ▁U . S . C . ▁§ ▁ 1 1 4 . ▁As ▁of ▁January ▁ 1 , ▁ 2 0 0 3 , ▁Sound Ex change ▁is ▁designated ▁by ▁the ▁United ▁States ▁Copy right ▁Office ▁to ▁also ▁dist ribute ▁the ▁collected