TORONTO – SOCAN announced today that it is allocating up to a total of $2 million for emergency royalty advances for its members suffering financially as a result of the Covid-19 crisis.
The aid is primarily aimed at SOCAN’s songwriters and screen composers whose ability to sustain their income has been compromised by the impact of the crisis on the music industry, “especially on those whose concerts have been cancelled, or whose television and movie productions have been suspended,” reads the press release. The interest-free advances will be considered based on each member’s most recent earnings history, urgency and need.
“Getting funds to struggling members as soon as possible is of the utmost importance, and we will do whatever we can to help,” said Eric Baptiste, CEO of the Society of Composers, Authors and Music Publishers of Canada, in the press release.
Members who have been affected by the Covid-19 crisis and wish to apply for the program can contact SOCAN’s membership team at 1-866-307-6226, or by email at members@socan.com.
