What is the Sound Recording Special Payments Fund (SRSPF)?
The SRSPF was created by collective bargaining between the American Federation of Musicians of the United States and Canada (AFM) and various companies that employ musicians to record music under the terms of the Sound Recording Labor Agreement (SRLA). Each company pays the SRSPF a portion of its revenues on sales of sound recordings it produces. The SRSPF distributes those revenues (along with interest income and net of operating expenses) to musicians who work under the SRLA.
