Despite lift in revenues, SOCAN says “remuneration for digital music must be corrected”

TORONTO – While the Society of Composers, Authors and Music Publishers of Canada (SOCAN) saw Internet-based revenues jump 46% in 2017, the majority of members who received payment for their streamed music only received less than $40 annually.The performing rights organization said that it realized $49.3 million in Internet audio streaming revenues, however, the average annual streaming revenues (including both digital Internet and digital audio-visual performances) distributed to a SOCAN member who earned royalties in 2017 was just $38.72 annually."As a new area of growth, streamed music continues its rapid uptake, resulting in a 46 percent increase in revenues, but,...