SOCAN buys U.S. music data company MediaNet

TORONTO and SEATTLE - The Society of Composers, Authors and Music Publishers of Canada (SOCAN) has acquired business-to-business music technology provider MediaNet in a move that could help Canadian artists to better collect their royalties. Financial terms of the deal were not disclosed.MediaNet is the creator of music and metadata delivery technologies that work with streaming services, download providers, media search, and other media discovery tools to provide a catalog of music, while ensuring that creators and music publishers, including artists and all relevant rights owners, are properly compensated for their work.The performing rights organization said Thursday that MediaNet will provide...