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Collective Management Organisations

SOCAN 2021 revenue up 6.1% over 2020

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SOCAN expects total annual collections for licensed music in 2021 to exceed CA$416 million, according to provisional figures released by the Canadian rights society. The 2021 figure represents a 6.1% increase of 2020's CA$391m and a 3% increase over the previous record of CA$405.6m set in 2019.

The company attributed most of the CA$25m year-over-year growth to CA$135m collected for the use of music on digital platforms, a CA$32m increase over 2020. "This more than offset the pandemic-driven...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Collective Management Organisations

Vietnam’s music rights society VCPMC plans to collect $9.7m in 2022

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The Vietnam Center for Protection of Music Copyright (VCPMC) has disclosed that since its creation in 2002, it has collected over VND1 trillion ($42.2 million) in royalties.

VCPMC said it collected VND160 billion (6.7m) in 2021, and plans to collect VND230 billion ($9.7m) this year, according to Dinh Trung Can, Director General of VCPMC.

VN Express explained that the music genre generating the most royalties was "revolutionary music," followed by pop music, and classical music.

Can s...

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Analysis: BMI strong financial performances are a good omen for the future of music rights

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The figures released by US rights society BMI this week, showing a significant rise in both collection and distribution of royalties, is good news for the music rights sector.

Most companies report their figures covering the calendar year. Not BMI, which has a fiscal year from July 1 to June 30. If you put it in the context of the post-pandemic calendar, this represents a full year without lockdowns or other side effect from Covid. In other words, it is almost as if BMI had been wo...

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PRS for Music joins forces with KOMCA to ensure that Korean OTT services secure licenses and remunerate creators

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British music rights society PRS for Music has joined the efforts from sister society Korea Music Copyright Association-KOMCA in South Korea to ensure that authors and composers get paid when their music is streamed, downloaded, broadcast, performed and played in public.

PRS has filed a petition with the Seoul Yeongdeungpo Police Station on Sept. 5, according to local newspaper The Korea Herald, asking for authorities to act against local streaming platforms using music without having the pr...

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