SoundExchange collects and distributes digital performance royalties for artists, record labels, and digital service providers (DSPs) like internet radio and satellite radio. It ensures that DSPs pay for the music they stream and helps artists manage their royalties through a user-friendly platform where they can track their catalog and payments. Unlike competitors, SoundExchange focuses specifically on the digital music market, making the royalty management process simpler and more efficient for music creators. The company's goal is to support and protect the interests of artists while promoting fairness in the music industry.