SOCAN members to receive record royalties this month thanks to radio fees increase

TORONTO – The next quarterly payment of royalties to SOCAN members this month will reach a record high of $75 million. The amount includes $47 million based on established tariffs, plus a special distribution of $28 million in arrears for radio performances between 2003 and 2010, reports Society of Music Authors, Composers, and Publishers of Canada (SOCAN).The special distribution is due to additional revenues resulting from the resolution of litigation related to Tariff 1A (Commercial Radio). Approved by the Copyright Board of Canada, Tariff 1A requires broadcast music stations to pay a fee to SOCAN based on a percentage of...