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Which of the following is managed by organizations like ASCAP, BMI, and SESAC?

  1. Marketing activities

  2. Financial transactions

  3. Risk management

  4. Copyright issues

The correct answer is: Copyright issues

Organizations such as ASCAP (American Society of Composers, Authors and Publishers), BMI (Broadcast Music, Inc.), and SESAC (Society of European Stage Authors and Composers) play a crucial role in managing copyright issues specifically related to music. They are performing rights organizations that ensure that songwriters, composers, and music publishers receive proper compensation for the public performance and use of their music. This includes collecting and distributing royalties for music played on radio stations, television, live venues, and various digital platforms. These organizations monitor music usage and enforce copyright laws, helping to protect the intellectual property rights of artists. Therefore, they do not focus on marketing activities, financial transactions, or risk management in the broader sense, but rather on the legal and financial aspects associated with the ownership and use of music copyrights. This highlights the importance of copyright issues in the music industry and the role these organizations play in supporting the rights of artists.