SESAC
SESAC, originally the Society of European Stage Authors & Composers, is the smallest of the three performance rights organizations in the United States. It was founded in 1930, sixteen years after ASCAP and nine years before BMI.
Whereas ASCAP and BMI operate on a not-for-profit basis and distribute all performance royalty income to their composer and publisher affiliates (less an administrative fee), SESAC retains an undisclosed amount of performance royalty income as profit. It is also unique among the US performing rights organisations in that it does not offer open membership - one must be invited to join.
Based in Nashville, Tennessee, SESAC deals with all aspects of the business, from creation to licensing and administration. The company also has offices in New York City, Los Angeles and London.
SESAC originally strove to support underrepresented European artists, hence the original name. As this objective diminished, the company has represented a wider range of artists and genres. SESAC's most well known affiliates are Bob Dylan and Neil Diamond.
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