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.
In 2017, Re:Sound and SOCAN collaborated on a pilot project to create a joint licensing portal. The ‘one-stop shop’ allowed 400 Ontario-based licensed businesses to report and pay their quarterly Re:Sound and SOCAN licensing fees together, rather than reporting and paying separately for licenses with each organization. This innovative approach was well-received, and the pilot portal continued through 2018, demonstrating the potential for consolidated music licensing nationally.
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 totaled $47.2 million, the largest distribution to music creators since Re:Sound’s founding in 1997. Costs declined approximately 4% compared to 2017.