advertisement
Billboard is a part of Penske Media Corporation. © 2023 Billboard Media, LLC. All Rights Reserved.
advertisement
Popular
Latest News
advertisement
BILLBOARD CANADA FYI
A weekly briefing on what matters in the music industry
By signing up you agree to Billboard Canada’s privacy policy.
advertisement
advertisement
Publishing
Canadian Musical Reproduction Rights Agency (CMRRA) Distributed $96 Million In Royalties to Publishers and Songwriters In 2024
The music royalties agency, which is celebrating 50 years in 2025, saw a 23% increase in distributions from 2023, led by growth in streaming and TikTok.
30m
One of Canada's leading royalty agencies saw a marked increase in 2024 distributions.
The Canadian Musical Reproduction Rights Agency (CMRRA) distributed $96 million in royalties to publishers and self-published songwriters last year. That marks a 23% increase from 2023, with streaming leading the way in growth at 38%.
TikTok was one of the biggest areas of growth. Royalties on the social app jumped up by an impressive 126%. That shows TikTok's massive influence on contemporary music discovery and popularity, also reflected in TikTok viral songs hitting the charts, minting the careers of new artists and re-igniting back catalogues of others.
advertisement
International revenues jumped by 50%, highlighting a strong global music market for Canadian artists.
Digital downloads were up 62% while physical revenues were comparably steady at a 12% increase.
Those numbers cap off a big year for CMRRA, which turns 50 this year. In 2024, the agency renewed licensing deals with the major streaming platforms, added 360 new clients and collaborated with partners like the Junos, Honey Jam and the Canadian Country Music Association.
To celebrate its 50th year, the company is looking back on its achievements and ahead to the future of the music industry. Kicking off a newsletter on CMRRA's history, President Paul Shaver is highlighting major milestones across 50 years.
"We have over 7,000 clients worldwide and a well-earned reputation across the industry for being efficient, technology-forward, client-focused, and trustworthy,” Shaver says in CMRRA's The Pulse. “Many of these clients represent hundreds or thousands of songwriters, further amplifying our global reach and impact.”
Founded in 1975 to centralize music licensing in Canada, in 1997 CMRRA advocacy helped secure a broadcast mechanical tariff requiring commercial radio to pay reproduction royalties that have gone on to generate $150 million for rights-holders. In 2004 CMRRA began negotiating directly with platforms like iTunes to help reproduction royalties move into the digital age.
advertisement
In 2017, the company was acquired by SoundExchange, and has gone on to tackle contemporary licensing and royalty issues. CMRRA is working with SOCAN, Music Publishers Canada and CIMA to establish a licensing framework for AI use of copy-righted material, one of the biggest hot-button topics in the industry.
Speaking with Billboard Canadaearlier this year, Shaver also highlighted a focus on streamlining metadata.
"One of the biggest challenges facing the Canadian music industry right now, particularly in the music publishing space, is managing the sheer amount of data and rights information as music consumption continues to grow globally," he explained.
"It is the industry’s collective responsibility to streamline this process in order to help rights owners more easily track and collect royalties for their songwriters. CMRRA will remain a vital resource in supporting music publishers and self-published songwriters by providing efficient and transparent end-to-end administration."
keep readingShow less
advertisement
Popular
advertisement
Published by ARTSHOUSE MEDIA GROUP (AMG) under license from Billboard Media, LLC, a subsidiary of Penske Media Corporation.
advertisement