Canadian Musician - July/August 2017 - Page 13

… SOCAN CEO Eric Baptiste was cho- sen as one of Billboard’s 53 International Power Players for 2017. The list names the executives “driving industry success outside the United States.” He was the only Canadian on the list. The magazine notes that “Baptiste reported record results for the Canadi- an performing rights organization for 2016 with collections of Canadian $330 million ($244.8 ­million). He also has guided SOCAN’s acquisition of the U.S. copyright-administration companies Audiam and MediaNet, which ‘provide us with technology and data that very few [PROs] around the world match.’” ECMA Giving Free Membership to Atlantic MIA Members Beginning on July 1, 2017, the East Coast Music Association (ECMA) will offer free member- ships to existing members of all five music industry associations (MIAs) in the Atlantic region – the Cape Breton Music Industry Cooperative, Musique/Music NB, Music NL, Music Nova Scotia, and Music PEI. MIA members should have received notification from their regional MIA on July 1, 2017 prompting them to register for free ECMA memberships. Current ECMA members who received a discounted membership as an MIA member will be automatically switched to a free membership. For more information, contact Chantal Caissie, ECMA artist and member relations manag- er, at chantal@ecma.com or go to www.ecma.com. follow the MONEY... SOCAN Confirms Record Financial Results for 2016 SOCAN has announced final financial results for its fiscal year ending Dec. 31, 2016, reporting that it has achieved new highs on many fronts, collecting $330 million in total domestic and internation- al royalties from the performances of the music of its nearly 150,000 songwriter, composer, and music publisher members. More than $289 million in combined domestic and international royalties were distributed to SOCAN members, an increase of five per cent over 2015. Roy- alties from outside of Ca nada increased to $67 million. Internet music streaming revenues jumped 118 per cent over the previous year, bringing in a total of $33.8 million. Nearly 4,500 music-using businesses became “Licensed to Play” with SOCAN in 2016. SOCAN also added more than 6,500 songwriters, composers and music publishers as members last year. For full financial statements and a complete overview of 2016, go to www.socanannualreport.ca. W W W. C A N A D I A N M U S I C I A N . CO M C A N A D I A N M U S I C I A N • 13