Canadian collecting society SOCAN has announced another year of record collections and distributions, which it says was buoyed by “a rising tide of Canadian music success around the world.” The society’s revenues grew by 11% to at least $374m, while its distributions to members grew from $295m in 2017 to $315m last year. “Royalties from non-Canadian sources are the #1 revenue stream for SOCAN members, reflecting the incredible strength of Canadian talent and SOCAN’s repertoire, a 70% five-year increase,” noted the PRO.
Source: SOCAN collected and paid out record royalties in 2018