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FYI

The FYI Holiday Schedule

This, dear readers, is our last newsletter before the holiday. We return with highlight editions on Dec. 28 and 31 and resume our usual Monday/Thursday schedule on Jan. 4. Between now and then, all the usuals and let's sincerely hope that 2021 is a less memorable one than 2020 has proved to be.

The FYI Holiday Schedule

By FYI Staff

Yes, dear friends, it's that time of the year when (ordinarily) we break out the punch bowl, pin the mistletoe, and gather in praise of the birth of baby Jesus or give a communal blessing in the form of family gatherings. Religious or not, December 25 is a day for celebration and exchanges of love and respect to those near and dear; at least it was before the darned virus tore us apart and turned us indoors. With the antidote now starting to swim into circulation, we can collectively sigh with relief in knowing that there's a chance 2021 will be better than the year before. This said, the FYI team wishes the best to you all over the holiday season.  This is our last newsletter before the break. We return on December 28.


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From all of us here for now, adios amigos.

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SOCAN Music Revenue Hits a Record Half-Billion Dollar High
Photo by Omid Armin on Unsplash
Business News

SOCAN Music Revenue Hits a Record Half-Billion Dollar High

While the live music industry recovered from the pandemic, the Canadian rights management association achieved record revenues in 2023 and distributed $442 million to music rights-holders — a 22% jump from the previous year.

Music revenues for Canadian rights-holders are hitting record highs.

SOCAN, the Canadian rights organization that collects and distributes publishing royalties for musicians and rights-holders, has announced that for the first time, it collected over half a billion dollars in revenue in 2023. The organization estimates that revenues grew to $523 million last year, with $442 million distributed to writers and publishers. That marks a distribution growth of 22% from 2022, which SOCAN attributes to increased revenues from digital and international sources.

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