socan

The Society of Composers, Authors and Music Publishers of Canada (SOCAN) saw collections rebound 6.4% to 416 million Canadian dollars ($325.5 million) from the prior year’s total of 391 million Canadian dollars ($305.9 million), despite the pandemic’s lingering economic impact in 2021. The SOCAN revenue collection total breaks out to $310 million Canadian ($242.55 million) in domestic receipts and 105 million Canadian dollars ($82.94 million) from foreign receipts. Domestically, that represents a 6.5% increase from 2020’s 291 million Canadian dollars ($227.64 million), while it’s a 6% increase over the 100 million Canadian dollars ($78.2 million) the society took in from foreign territories that year. “Given the challenges of the pandemic, at the end of 2020 we prepared for a financially a...