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SOCAN is reporting another record high for revenue distribution.
In its annual financial report , the Canadian rights organization that collects and distributes publishing royalties for musicians and rights-holders shares that its collected revenue grew to $587 million last year, with $511.9 million being distributed to writers and publishers — a 5% increase from 2024.
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Of the nearly $600 million in revenues, $445.5 million came from music use in Canada. It’s a weighty increase from last year’s numbers , which were approximately $23.9 million lower.…