Canadian PRO SOCAN is on an acquisitions roll. Having bought B2B firm MediaNet in May, now it has acquired digital distributor Audiam as well.
The company is pitching itself as the solution to the mechanical rights problems that sparked two class-action lawsuits against Spotify in recent months. “With Audiam, SOCAN now has a comprehensive database and metadata of all musical works and commercially released digital sound recordings, and the technology and business understanding to match and connect the two, issue licenses and get rights-holders paid all they have fairly earned,” is how SOCAN’s announcement worded it. Audiam CEO Jeff Price was a prominent figure in the debate around the Spotify lawsuits (and, indeed, in the data that led up to them). For now, Audiam will remain a separate company under Price’s leadership, and will make its services available to all SOCAN’s 135k Canadian members.