Washington, DC — SoundExchange, the DC-based entity that collects royalties for musicians from satellite radio firms, Internet radio services, cable music channels and other services that stream sound recordings, on Tuesday named Scott Day as its chief technology officer.

The news comes three weeks after the organization also named Jonathan Bender as its new chief operating officer.

Day most recently served as the chief technology officer of financial services media company The Motley Fool, leading the organization’s technology team. He also has been the vice president of application software and analytics at In-Q-Tel, the investment firm backed by the CIA.

“Naturally, as both the organization and digital music services continue to grow, we will constantly strive to improve our methods for tracking and distributing payments from over a thousand services to even more artists and labels,” said Michael Huppe, the president of SoundExchange. “I’m confident that Scott will be a tremendous asset in this regard.”

The organization has paid out more than $800 million in royalties since its inception.

This article was also published in Potomac Tech Wire.

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