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SOCAN Music Revenue Hits a Record Half-Billion Dollar High
Photo by Omid Armin on Unsplash
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SOCAN Music Revenue Hits a Record Half-Billion Dollar High

While the live music industry recovered from the pandemic, the Canadian rights management association achieved record revenues in 2023 and distributed $442 million to music rights-holders — a 22% jump from the previous year.

Music revenues for Canadian rights-holders are hitting record highs.

SOCAN, the Canadian rights organization that collects and distributes publishing royalties for musicians and rights-holders, has announced that for the first time, it collected over half a billion dollars in revenue in 2023. The organization estimates that revenues grew to $523 million last year, with $442 million distributed to writers and publishers. That marks a distribution growth of 22% from 2022, which SOCAN attributes to increased revenues from digital and international sources.

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