The following is the first in a series of forecasts and reflections about the music business in Canada that readers can expect to see in FYI in the coming weeks. Starting off today is a submission from Margaret McGuffin, Executive Director of the Canadian Music Publishers Association (CMPA).
The Canadian Music Publishers Association (CMPA) is looking forward to 2017 with an ambitious agenda and exciting initiatives such as our Music Tech Summit and CMPA Create LA trade mission.
Creating global business opportunities for our members is an integral part of the association’s market development strategy which will include trade missions for publishers and songwriters and the continuation of the highly successful Canadian Music Café initiative held during the Toronto International Film Festival (TIFF).
In the first few months after becoming Executive Director of CMPA, we released a report by Circum Network Inc. on the state of the Canadian music publishing industry - in cooperation with the Association des professionnels de l’édition musicale (APEM) – that revealed our members generated $199M in revenues in the most recent year and that 73 per cent of that total was generated from foreign sources.
Those revenue numbers, however, still do not reflect the true value of the song in the digital world. CMPA will continue to advocate for a strong music publishing industry in Canada and will work with other associations to make sure the voice of music publishers and their songwriting partners are heard around the world.
-- CMPA website