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Canada's Internet Music Success Story: SOCAN's Canadian Internet Streaming Revenues Surpass Radio Royalties - Michael Geist
While the music industry continues to focus on a so-called "value gap" that does not reflect the state of Canadian law, mounting data also suggests that it does not provide an accurate depiction of the revenues being generated in Canada today from Internet streaming. SOCAN, Canada's largest music copyright collective, last week reported preliminary numbers for 2018, with the data indicating that Internet streaming revenues have now hit $62 million, likely surpassing both radio and television royalties as its second largest source of domestic revenues. In fact, Internet streaming now accounts for 22 per cent of SOCAN's domestic revenues and will almost certainly become its largest domestic revenue source in 2019.