SOCAN, SODRAC, eye potential merger

TORONTO and MONTREAL - SOCAN and SODRAC are actively discussing the possibility of combining operations with the aim of creating an integrated approach to the management of both performing rights and reproduction rights of songwriters, composers and music publishers.The organizations said Friday that the initiative is a proactive response to the transformation of the markets and modes of consumption of music. A potential integration could reduce operating costs for rights holder members of each organization, increase efficiencies, and leverage licensing relationships, resulting in greater royalties for music and streamlined licensing for businesses using music.“For the time being, the talks are...