Canadian performing rights society SOCAN generated revenues of CAD $405.6 million (approximately $310.5m) in 2019, up 8.2% compared with 2018, according to its final 2019 financial results, which were published yesterday (November 4). However, the body’s payouts to members totalled CAD $296m ($226.6m), a 6% decline compared with the CAD $315m ($241m) distributed in 2018.
Source: SOCAN revenues grew 8.2% in 2019 – but payments to songwriters and publishers shrunk by 6%