SOCAN royalties grew 11% in 2018, buoyed by export music sales

TORONTO — The growing success of Canadian music around the world helped to propel a history-making year of royalty collections for SOCAN in 2018, the company announced Thursday.In a news release announcing its preliminary year-end results, SOCAN said it brought in and paid out record royalties to more members than ever, with combined domestic and international collections increasing by at least 11% over 2017 figures. SOCAN counts nearly 160,000 songwriters, composers, music publishers and visual artists among its direct members. All financial figures in its news release are estimates, with final figures to be determined following the March 2019 meeting...