(The SRDF is a separate entity from the Intellectual Property Rights Distribution Fund (“IPRDF”) and the SRDF Trustees have appointed the IPRDF as the administrator to distribute these funds.)
The SAG-AFTRA and Industry Sound Recordings Distribution Fund (“SRDF”) was established in 2012 under the now SAG-AFTRA National Code of Fair Practice for Sound Recordings (“Code”) to receive and distribute performer payments due under the code. The Agreement covers more than 600 signatory companies, including the four (4) major labels: Disney, Sony Music Entertainment, Universal Music, and Warner Music Entertainment Group, signed to the code.
SRDF is governed by a board of trustees with equal representation from SAG-AFTRA and the major record companies. SRDF acts on behalf of performers for the digital exploitation of sound recordings, music videos, and sync licenses.