Ian J. MacKay,
Every day the team at Re:Sound works hard to create value for the industry, and the music creators that are the core of our industry. Without the creators we would not exist, and everything we do is about continuing to earn the trust they have placed in us.
Transparency is one of our Core Values and we take it very seriously. The vital sources of income we advocate for and collect on behalf of music creators are not our income but theirs. Re:Sound’s role is to ensure we get full value for them and deliver full value to them.
We achieve this through passionate and strategic advocacy—whether before the Copyright Board in establishing fair rates, working with government on important copyright reform, or educating businesses that use recorded music on the competitive value it brings. We also deliver this by always looking for ways to drive efficiency in both the collection of royalties (through projects like our work with SOCAN), as well as delivery of those royalties, ensuring that we are best in class in getting the monies we collect to the right creators in a fair and economical way (Fair and Efficient being two of our other Core Values).
In 2018, total revenues once again topped $50 million. Foreign income (collected by Re:Sound on behalf of Canadian rights holders) grew 38% over 2017, primarily due to strong revenue increases under Re:Sound's bilateral agreement with SoundExchange. International collections were $9.5 million in 2018. By contrast, private copying revenues (from the Canadian Private Copying Collective, CPCC) declined from $7.5 million in 2017 to just $900K in 2018 as a result of outdated copyright law.
In 2019, we will continue to work hard to create even greater value for music creators. We will, every day, continue to earn and keep the trust placed in us by the music creators we serve.
Re:Sound is the not-for-profit music licensing company dedicated to obtaining fair compensation for artists and record companies for their performance rights. It’s our job to ensure music creators are properly compensated for the value they provide to businesses, such as retail stores, restaurants, gyms, and broadcasters.
We strive to support musicians and labels by building partnerships, advocacy, and finding efficiencies to ensure that as much money as possible ends up in the pockets of music creators to help build a strong and prosperous music industry in Canada. We do this across four core areas.
We will advocate for what’s fair for musicians and labels—fair treatment and fair compensation. We provide services to rights holders on a fair and equal basis. We ensure fair treatment for all employees.
We will continually strive to be better, be more productive, and to improve the way we do things. We will develop best practices of our own and adopt best practices from elsewhere—always looking for the best way forward.
Our organization would not exist without the artists and makers of music; they are at the core of everything we do, and the inspiration for always achieving more. We must always act in their best interests.
We will always be open, honest, aboveboard, and trustworthy. We will make information available to stakeholders appropriately and in a timely manner. We will uphold the trust placed in us by rights holders.
We are energized by what we do. We are fully committed. We are in motion and not static or stagnant. We are progressive, flexible, and adaptive. We move ahead.
How does it all work? Watch our video.