Canadian Musician - March/April 2019 | Page 12

CHANGES SOCAN’s 2018 Revenues Hit New High SOCAN has released its preliminary year-end results for 2018, which indicate that it again brought in and paid out record roy- alties to its member songwriters, composers, and publishers. Its combined domestic and international collections in 2018 topped 2017 figures by at least 11 per cent. SOCAN’s total 2018 revenues were at least $374 million, of which it paid out $315 million to members, an increase from $295 million in 2017. Domestic revenues were up eight per cent to $282 million. Royalties from non- Canadian sources are the number one revenue stream for SOCAN members and have grown 70 per cent in five years. While royalties collected increased, SOCAN’s operating expenses remained constant year-over-year. Despite the continued increase of digital royalties from online businesses that use music, SOCAN again called for a more equitable share for songwriters and publishers. SOCAN revenue from internet-based licensed music in 2018 will total approximately $62 million, an increase of 27 per cent from approximately $49 million collected in 2017. “While overall revenues from digitally-delivered performances of music continue to climb, music creators and publishers on average are yet to see earnings commensurate with the value that their work brings to these online corporations,” says SOCAN CEO Eric Baptiste. “To put it in perspective, the average SOCAN member who earned royalties in 2018 realized only $54 from domestic digital sources in the entire year. This has to improve and SOCAN is working tirelessly to ensure our members actually receive what they have fairly and deservedly earned from their extraordinary work.” For more information, go to www.socan.com. Roots Music Industry Convenes in Montreal for Folk Alliance International 2019 The global roots music industry took over the Fairmont Queen Eliza- beth hotel in Montreal THE MCGARRIGLE FAMILY AT FAI 2019 for the Folk Alliance International Conference from Feb. 13-17, 2019. It was the first time the event had been held in Canada since 2013. Canadian Musician was heavily involved this year, including sponsoring the official show- case in the Joni Mitchell Room on Feb. 14, which featured The Good Lovelies, Jane and Anna McGarrigle, The Revelers, and more. As well, Canadian Musician Senior Editor Michael Raine moderated the sync licensing panel and took part in the speed meetings sessions. Other panels at the conference covered a wide range of artist-centric topics, including marketing and album release strategies, songwriting tricks, health and wellness, and more. As part of the conference, two “global summits” were held. The Ethnomusicology Sum- mit, facilitated by the Society for Ethnomusicology and Smithsonian Folkways Recordings, examined the idea of “world music.” The other summit was the International Indigenous Music Summit, hosted by ShoShona Kish. A first-of-its-kind summit, the one-day event gathered Indigenous artists, knowledge keepers, and community builders, as well as invit- ed allies, to discuss the most important issues facing the Indigenous music community. For more information, go to www.folkconference.org. 12 CANADIAN MUSICIAN CMRRA Launches Unclaimed Works Portal The Canadian Musical Reproduction Rights Agency (CMRRA) has launched a new service called the Unclaimed Works Portal that gives music publishers and songwriters the ability to search for unmatched uses of their reper- toire so they can get paid for that work. “One of the biggest challenges publish- ers and songwriters face is knowing how their work has been used,” says Veronica Syrtash, CMRRA SVP – Business Affairs and Corporate Development. “This new CMRRA Direct service provides unprecedented visibility into music use data so that these creators can get paid. The service fulfills the company’s broader mission of making the business side of music easier for creators.” The portal includes sound recording data from multiple services aggregated by the International Standard Recording Code (ISRC). As well, there is a searchable database through a number of data points allowing publishers to match individual tracks to musical works and, if necessary, submit missing copyright ownership claims on those works. For more information, go to www.cmrra.ca.