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SOCAN Celebrates Centennial with Milestone Half-Billion Dollars Distributed

Summary by V13.net
SOCAN announces that in 2024, total royalty distributions to music creators and publishers hit a record-high $ 512.4 million. Similarly, annual revenue from music licenses once again exceeded half a billion dollars. The results are bittersweet for the member-owned, not-for-profit, as SOCAN data shows less than 10% of music consumed online in Canada is written or composed by Canadians. Revenue grew to $ 559.4 million in 2024, a 7% increase over 2…
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V13.netV13.net

SOCAN Celebrates Centennial with Milestone Half-Billion Dollars Distributed

SOCAN announces that in 2024, total royalty distributions to music creators and publishers hit a record-high $ 512.4 million. Similarly, annual revenue from music licenses once again exceeded half a billion dollars. The results are bittersweet for the member-owned, not-for-profit, as SOCAN data shows less than 10% of music consumed online in Canada is written or composed by Canadians. Revenue grew to $ 559.4 million in 2024, a 7% increase over 2…

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musically.commusically.com

Socan reports record distributions but warns of local challenges

It’s a happy 100th birthday for Canadian collecting society Socan. Well, happy with an underlying note of concern, at least. The positive stuff: Socan reported record royalty distributions of $512.4m in 2024, up 17.5% year-on-year. That was driven by a 7% increase in collections to $559.4m, including a 10.8% increase in domestic digital collections, which totalled […] The post is from Music Ally.

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musically.com broke the news in on Thursday, April 3, 2025.
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