SOCAN Members, On Average, Received Just $41 From Streaming Services Last Year

Breaking down total collections, the Canadian performance rights organization collected $375 million ($284 million) last year, up 11% over 2017.

Domestic collections rose 9% year-over-year to an all-time high of $286 million ($217 million).  Outside of Canada, SOCAN reported a 15% jump in royalties to $87 million ($66 million), its “top revenue stream” for members.  In addition, the performance rights organization’s distribution to its members increased by 8% to $320 million ($242 million).

SOCAN now has over 160,000 member songwriters, composers, music publishers, and visual artists.

Read more: https://www.digitalmusicnews.com/2019/06/20/socan-2018-financials/