Canadian collecting society SOCAN has published its latest financial results, revealing that its collections grew by 6% in 2021 to $416m.
Tag: SOCAN
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SOCAN and PPL reveal their latest music collections figures
SOCAN in Canada and PPL in the UK are the latest collecting societies to publish figures on the payouts they are making to members.
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Socan sells royalty-collecting firm Audiam to Sesac
Royalty collections firm Audiam has a new owner, although the old one isn’t completely decoupling from its business.
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Socan makes its livestreams licensing system permanent
In May 2020, Canadian collecting society Socan became one of the first PROs to launch a licensing scheme for livestreamed concerts. It was called ‘Encore’ and would pay songwriters and publishers when […]
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Socan reveals 2019 financials and plans to sell Dataclef assets
Canadian collecting society Socan has published its financial results for 2019. Its collections grew by 8.2% to $405.6m, including a 37.6% increase for its digital collections to $86m. However, distributions to […]
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Audiam founder Jeff Price out in change made by Socan
Audiam is the streaming mechanical royalties collection agency that Canadian collecting society Socan acquired in 2016, keeping its founder Jeff Price on to lead it.
Now he has left the company abruptly, with Socan’s announcement making it clear (“Socan makes Audiam leadership change”) that it was the company’s decision rather than Price’s.
COO Jeff King will take on Price’s CEO duties, with Socan’s interim CEO Jennifer Brown promising “Audiam’s business will continue without change”.
Is this change amicable? Seems not.
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Canadian PRO SOCAN launches livestreams licensing scheme
Lots of artists and especially DJs are livestreaming on Facebook and Instagram, but as the latter platform recently made clear, there are some licensing restrictions on what music can be played. […]
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Socan CEO Eric Baptiste resigns and steps down immediately
There’s a change at the top for Canadian collecting society Socan, as its CEO Eric Baptiste has resigned and stepped down with immediate effect. Why so abrupt? “With the end […]
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Today’s positive coronavirus-related music industry news (3 April)
Music Ally is trying to write a story every working day, rounding up the good, practical things happening in and around our industry: focusing on relief efforts and other initiatives from the music industry and music / tech communities.
Start today with another streaming service setting out its stall: SoundCloud. It is letting creators add a button to their profile page so that fans can give them direct financial support via platforms including Kickstarter, Bandcamp, Patreon and PayPal.
SoundCloud has also committed $15m itself to support creators: $5m in ‘free promotional support’ to drive more streams on the platform itself – five artists a week who include the hashtag #GetMorePlays on their uploads will be chosen to benefit – and a $10m ‘artist accelerator program’ for independent artists which is tied to the DSP’s new Repose by SoundCloud distribution tier. See our separate story on that today.
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Socan collections exceeded $400m for the first time in 2019
The latest collecting society announcing growth in its annual collections is Canadian PRO Socan. It estimates that it collected C$405.5m (around US$305.1m) in 2019 – the first time its collections have […]
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SOCAN Foundation launches music-production mentorship program
Canadian organisation the SOCAN Foundation – part of collecting society SOCAN’s group of companies – is launching a new program aimed at emerging music-producers who are women. It’s called the Equity X […]
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SOCAN set a new record for royalty payouts in 2018
Perhaps we should start asking some pointed questions to any collecting society or label that *isn’t* announcing record royalties and/or payouts. New milestones are being set by the week in […]