As we settle into 2025, Canada’s music industry continues to dazzle on the global stage. Reflecting , the Society of Composers, Authors, and Music Publishers of Canada (SOCAN) has consistently surpassed expectations, setting new records in revenue and cost-effectiveness. SOCAN’s unwavering commitment to its 130,000+ members has led to an unprecedented surge in royalties from both domestic and international sources. This post delves into the heart of this success story, highlighting key accomplishments, insights from SOCAN’s CEO Eric Baptiste, and the integral role of Canadian music creators in shaping this remarkable trajectory.
Unprecedented Growth in Revenue and Cost-effectiveness
SOCAN’s achievements in 2025 have been remarkable, with record-breaking results in various areas. The total revenue reached an all-time high of approximately $310-million – the in SOCAN’s history to surpass the $300-million milestone. This represents a 3% growth over the previous record of $299-million set in 2014.
Meanwhile, the corporate net expense ratio fell to 9%, improving on the already groundbreaking 9.5% achieved in 2014. This could likely be a new record for any major music rights organization in the world.
Impressive Growth in Foreign Royalties
SOCAN’s dedication to its members has resulted in at least $62-million in foreign royalties identified, collected, and distributed. This is a significant increase of 14% over 2014’s figures and a massive 60% increase since 2007.
Record Royalty Distributions
Members enjoyed royalty distributions of approximately $275-million, marking a 15% year-over-year increase. This is a testament to the collective success of Canada’s music creators various genres, from hip-hop and alt-rock to classical and jazz.
As SOCAN CEO Eric Baptiste aptly put it, “Canada is a music-making global powerhouse, and SOCAN is proud to be one of its biggest engines.”
Driving Success through Innovation and Dedication
SOCAN’s success is not accidental but the result of a dedicated team of more than 280 music industry professionals who tirelessly advocate for members’ rights and fair compensation. By attracting talent, investing in new technologies, forging new partnerships, and anticipating future trends in a rapidly evolving music ecosystem, SOCAN continues to deliver more with less.
As we move further into 2025, we can expect SOCAN to maintain its momentum, further strengthening Canada’s position as a global powerhouse in the music industry.
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