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FINANCIAL

2012 Financial Highlights

  • Distribution of $219.6-million to SOCAN members in 2012. This was less than the record-breaking $261.5-million paid out in 2011, as that included $52.8-million of special one-time radio and ringtones arrears distribution. Excluding such one-time payments, distributions to songwriters and music publishers in 2012 were 5.2 percent more than in 2011.
  • Cable revenues increased 8.8 percent to $64.3-million in 2012, continuing the strengthening of SOCAN’s largest revenue stream.
  • Revenue from affiliated societies increased 3.8 percent to $47.3-million. Even with the negative impact of a strong Canadian dollar, robust international performances of copyright music further exemplified the enduring popularity of Canadian songwriters globally, and SOCAN’s continued success at protecting the international interests of its members.
  • Live music enthusiasts helped SOCAN achieve a record-setting $20.9-million in concert revenue, a 14.2 percent increase from 2011.
  • More than $5.1-million in new business emerged in 2012, with audio-visual streaming websites comprising a significant portion of new music royalties for SOCAN members.

To view the SOCAN 2012 Financial Report please click below.

SOCAN Financial Report 2012 (File size: 926KB)

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