Overview
What is Digital Data Exchange Llc C/O Sony Music?
Digital Data Exchange Llc C/O Sony Music, headquartered in New York City, is a nonprofit organization dedicated to fostering standardized communication within the digital media markets. By creating and maintaining data standards, they aim to facilitate the efficient exchange of information related to media rights, agreements, and content, benefiting participants across the physical and digital media value chain. Their initiatives promote operational efficiency and timely, cost-effective transaction processing. DDEX regularly engages with other organizations to build relationships and enhance their influence, collaborating with entities such as the International Confederation of Music Publishers, International Standard Name Identifier, and National Independent Venue Association. Through webinars and training seminars, they strive to raise global awareness and ensure compatible implementation of their standards.
Official website here: www.ddex.net
Is Digital Data Exchange Llc C/O Sony Music legitimate?
Digital Data Exchange Llc C/O Sony Music is a legitimate nonprofit organization registered as a 501(c)(6) entity. Digital Data Exchange Llc C/O Sony Music submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.ddex.net
What is the mission statement of Digital Data Exchange Llc C/O Sony Music?
Digital Data Exchange LLC, often referred to as DDEX, is an organization dedicated to developing and maintaining data standards for the exchange of information in digital media markets. Their primary mission is to create and manage metadata standards, identify entities, and facilitate the communication of such information related to media rights, agreements, and content. This aim is to establish a highly automated, efficient, and cost-effective transaction processing environment among participants in the physical and digital media value chain. DDEX promotes global awareness and compliant implementation of these standards through the creation of publicity materials, training seminars, and similar events. It is important to note that DDEX does not involve itself in the administration of media content licensing or rights.
Official website here: www.ddex.net
What is the revenue of Digital Data Exchange Llc C/O Sony Music?
Digital Data Exchange Llc C/O Sony Music's revenue in 2023 was $1,068,643.
Official website here: www.ddex.net
Who are the executives of Digital Data Exchange Llc C/O Sony Music and what are their salaries?
There 24 volunteers at Digital Data Exchange Llc C/O Sony Music.
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Official website here: www.ddex.net
Where can I find the form 990 for Digital Data Exchange Llc C/O Sony Music?
Digital Data Exchange Llc C/O Sony Music's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ddex.net
Learn more at the official website: www.ddex.net
Mission Statement of Digital Data Exchange Llc C/O Sony Music
Digital Data Exchange LLC, often referred to as DDEX, is an organization dedicated to establishing and maintaining data standards for the exchange of information in digital media markets. Its mission is to create and manage metadata, identify entities, and facilitate the communication of such information related to media rights, agreements, and content. This is done to establish an automated, timely, and cost-effective transaction processing environment among participants in the physical and digital media value chain. DDEX aims to promote global awareness and compliant implementation of these standards through the creation of publicity materials, training seminars, and similar initiatives. It's important to note that DDEX does not involve itself in the administration of licensing any kind of media content or rights.
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Impact
October, 2024
Digital Data Exchange LLC (DDEX), operating under Sony Music, plays a critical role in the digital media landscape by developing and maintaining data standards integral to the efficient exchange of information across the digital music value chain. By creating standard message formats, DDEX facilitates seamless communication between various stakeholders, enhancing operational efficiency in a sector characterized by rapid technological changes.
In 2023, DDEX introduced three new standards, including those for recording data and rights notifications, party identification, and recording information notifications. These developments reflect DDEX's commitment to addressing the complexities of metadata management—a crucial component in ensuring accurate rights management and revenue distribution in a digital ecosystem where music can be distributed globally at unprecedented speeds.
Through virtual plenary meetings and summits, DDEX not only engages its members but also fosters collaboration among industry professionals, promoting dialogue on pressing issues related to digital music operations. By establishing connections with other standards and trade organizations, DDEX amplifies its impact across various media types, further solidifying its position as a leader in metadata standards.
Additionally, DDEX's commitment to education through regular webinars ensures that non-members also have access to vital knowledge about their standards, promoting wider compliance and implementation. This approach not only boosts awareness but also enhances the operational capabilities of smaller entities that may otherwise struggle to manage metadata efficiently.
Overall, DDEX's activities significantly contribute to creating a more streamlined, automated, and cost-effective transaction processing environment in the digital music industry, ultimately benefiting creators, rights holders, and the industry as a whole.
This information is meant to be a general summary of Digital Data Exchange Llc C/O Sony Music. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $8,903
- Program Service Revenue: $1,059,350
- Gross Receipts: $1,068,643
Assets and Liabilities:
- Total Assets: $850,364
- Total Liabilities: $138,248
- Net Assets: $712,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,059,350
Organization Details
Founding Year
2006
Principal Officer
Kimberly Beauchamp
Website
www.ddex.netNTEE Category
Code: S41 - Community improvement
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