Stephen Swid(1940-2019)
Stephen C. Swid, an investor and businessman whose varied career included an independent film distributor and the "21" Club, but who became best known for transforming Sesac, once an obscure licensing organization. Sesac, founded in 1930 as the Society of European Stage Authors and Composers, had long been a marginal player in performing rights, the business of collecting licensing payments from radio and other outlets and funneling that money back to songwriters and publishers as royalties.