TORONTO, Aug. 31, 2015 /CNW/ - Canada's songwriters and composers continue to excel around the world, enjoying an overall increase of eight percent in international revenues over the previous year, according to data collected by SOCAN.
With international revenues from Canadian-created music exceeding $55-million in 2014, the performing rights organization confirmed that it was another record-breaking year for Canadian-made music performed outside of the country, topping the previous high set in 2013.
"The popularity of the work of Canada's songwriters and composers continues to rise worldwide," said SOCAN International Relations Vice President Catharine Saxberg. "Last year's increase in international revenue is proof that our music creators resonate around the globe, and that SOCAN is doing even better at the complicated job of tracking international use of music, while expanding our capabilities by attracting top talent and building valuable partnerships with our music rights counterparts worldwide."
The United States is by far the country where Canadian-created music is played most, capturing 36 percent of the international share. After the US, the countries generating the highest international earnings for SOCAN-member created music include:
In addition, the number of SOCAN-member songwriters, composers, and music publishers receiving royalties from outside of Canada has more than doubled in the last decade.
"Canadian music creators should be thought of as an international trade success story," Saxberg added. "As the success of Canada's music creators on the world stage continues to grow, we will continue to foster international collective management relationships that benefit our members, the music industry, and the Canadian economy overall."
Since Catharine Saxberg joined SOCAN in early 2014, the organization has formalized its international strategy, increasing efforts to identify and collect royalties from countries with which it has agreements, now numbering more than 100 music rights organizations. SOCAN also identifies and collects Canadian royalties on behalf of music creators and publishers who are members of performing rights organizations from around the world, forwarding those monies to the appropriate sister societies.
SOCAN is a member-based organization that represents the Canadian performing rights of more than three-million Canadian and international music creators and publishers. SOCAN is proud to play a leading role in supporting the long-term success of its more than 130,000 Canadian members, and the Canadian music industry overall. SOCAN licenses more than 125,000 businesses in Canada, and distributes royalties to its members and music rights organizations around the world. SOCAN also distributes royalties to its members for the use of their music internationally in collaboration with its peer societies. www.socan.ca
Image with caption: "SOCAN sees increase in international royalties due to Canadian-made music being played more worldwide. (CNW Group/SOCAN)". Image available at: http://photos.newswire.ca/images/download/20150831_C9614_PHOTO_EN_44174.jpg
For further information:
Environics Communications (for SOCAN): McKenna Wild, 416-969-2774, [email protected]
SOCAN: Amal Yassir, 416-442-3838 Ext. 3747, [email protected].