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it is the monopolist intermediary between the authors of musical tracks and consumers, managing the economic aspects and the distribution of money from royalties of Italian-copyrighted music to authors and on their behalf. Among the first notably names to join the Corporation there were the Italian poet Giosuè Carducci (1835–1907) and the Italian musician Giuseppe Verdi (1813–1901).
SIAE is ruled by the law Siae Copyright, no.633/1941 in 1941, emanated in Rome, Kingdom of Italy.
The new SIAE president said that SIAE isn't meant for grant equal rights for everyone, According to a scientific study by the Istituto Bruno Leoni in 2010, SIAE's monopoly cost Italian copyright owners €13,5 millions due to SIAE's inefficiency compared to collecting societies of countries without a monopoly.
on media storage devices sold in Italy, assuming in advance that the user will store a private copy of copyright protected material.
The preventive taxation is applied on photographic film, tape, VHSs, CDs, DVDs, HD DVDs, Blu ray Discs, optical disc drives, hard disk drives, USB flash drives, memory cards, personal computers, set-top boxes, digital media players, mobile phones, etc.
The total amount of revenues collected is estimated by Confindustria and Assinform (Italian Tassociation of information technology) at €300 million per year.
On 27 November 2013, the Italian Minister Massimo Bray (Beni Culturali) supported the decision to establish new taxes, with revenue going to the SIAE, for certain electronic goods, such as HDTVs and PVRs.