The Society of Composers, Authors and Music Publishers of Canada (SOCAN) has topped $300 million (CAD) in total revenues from its membership for the first time since forming in 1990 after a merger between two PROs, CAPAC and PROCAN.
The performance rights organization collected CAD $307.8 million ($240.04 USD) in domestic and international royalties for the fiscal year ending Dec. 31, 2015, from the performance of music from more than 135,000 songwriters, composers and music publisher members. (A preliminary financial report released in January put the figure at $310 million).
Source: Canadian Performance Rights Org SOCAN Collects $307.8 Million | Billboard