2018 Financials

Re:Sound collected more than $50 million in 2018. International collections grew 39% over 2017, to $9.6 million. By contrast, private copying revenues from the Canadian Private Copying Collective (CPCC) declined from $7.5 million in 2017 to just $900,000 in 2018.

Distributions to rights holders in 2018 totalled $47.2 million, the largest distribution to music creators since Re:Sound’s founding in 1997. Costs declined approximately 4% compared to 2017.

1999

Celine Dion wins four Grammy Awards for “My Heart Will Go On”


NRCCʼs first tari  is certified:


T1A (Commercial Radio)

2000

Napster founded


T1C (CBC) certified

2001

1st iPod launches in October


Flow 93.5 becomes Canada’s first urban music station

2002

Napster shuts down


T2 (Pay Audio) certified

2003

Apple opens the iTunes music store, selling 1M songs in the first week

Revenue By Tariff Per Year

Revenue By Tariff

2018 Annual report (Financial Data in $M)

2017
2018
(in Million)
NR Domestic
38.5
38.4
NR International
6.8
9.6
Other Income
0.3
1.7
Total NR Income
45.8
49.7
Private Copying
7.5 ‡
0.9
Total Income
53.4
50.6
Expenses
(7.3)
(6.8)
Monies Available for Distribution
46.0
43.8

‡ Private copying revenue in 2017 included approximately $7.1 million related to closeouts of prior years under Copyright Board regulations.

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