SOCAN credits Canadian music creators for record revenue

TORONTO - Canada emerged as an even greater powerhouse of songwriting, composing and music publishing on a global level in 2015 with domestic and international creative success on virtually every level, according to the Society of Composers, Authors and Music Publishers of Canada (SOCAN).The performing rights organization said Monday that it set a new high for royalties identified, collected and distributed to its more than 130,000 members. SOCAN’s total revenue of approximately $310 million was at least 3% higher than the $299 million posted in 2014, and marked the first time in the organization's history that it has exceeded the...